Crude oil prices are being affected by talks between America and Iran and the possibility of reopening the Strait of Hormuz....
On Thursday itself, Brent crude jumped 3.8 percent and closed at 82.49 dollars per barrel. At the same time, American WTI crude also rose by 2.8 percent to reach 77.29 dollars per barrel....
Despite fluctuations in crude oil prices in the international market, it has not affected Indian consumers at present. ...
Retail prices of petrol and diesel in India are decided by government oil marketing companies. These companies last revised fuel prices on May 25. ...
Due to increasing tension in the Middle East and fear of stoppage of oil supply from the Strait of Hormuz, the price of Brent crude went up to 100.69 dollars per barrel. ...
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