Big news for Indians: the price of crude oil dropped by 8%, the most in seven years.

 Prices for crude oil are still falling. In the first week of the new year, the price of crude oil dropped from $80 to $73 per barrel. Over 8% of the price decline occurred in just five days. Reuters, a news organisation, reports that Brent prices have not dropped this much since 2016. Experts anticipate more declines in the future. However, the price drop has been quite beneficial for Indian businesses. The pricing of gasoline and diesel has not altered at state-run oil companies HPCL, BPCL, and IOC in 15 months.


Read More: https://www.newsindia247.com/big-news-for-indians-the-price-of-crude-oil-dropped-by-8-the-most-in-seven-years/

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