Tuesday, December 8, 2015

CrudeOil at 7 years Low Prices; Petrol and Diesel prices may effect | Commodity best Tips

OPEC does not cut output at the meeting since crude prices falling steadily increasing. On Tuesday, crude in the international market also remained at 7-year low. Nymex crude prices have touched the low of $ 37.50 a barrel, the price is the lowest since February 2009.

The Indian basket of crude oil prices fell to 38.61 per dollar. As a result of cheap crude oil marketing companies in the next review of petrol and diesel prices are reduced by 1 Rs.
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Will impact on the domestic market, would be cheaper fuel Energy expert Narendra Taneja told Bhaskar Mani said the oil marketing companies at its meeting next week, gasoline and diesel by 80 paise, one rupee, the Indian basket of crude oil prices may be cheaper $ 40 per barrel has come down. With crude prices in the international market is falling continuously.

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