India

Good News: Once again the Central Government will reduce the price of Petrol-Diesel, will soon announce…

New Delhi | Petrol Diesel Price Relief : Even after the announcement made by Prime Minister Modi, the prices of petrol and diesel are touching the sky. However, after this announcement made on the occasion of Diwali and the reduction of VAT tax, there was definitely some relief. But even now, before the assembly elections in big states like Uttar Pradesh and Punjab, the issue of petrol and diesel remains a headache for the central government. To overcome these problems, the Petroleum Ministry held an important meeting. According to the information received from the sources, now once again people can get relief in the prices of petrol and diesel. An official announcement in this regard can be made soon.

Petrol Diesel Price Relief

Government will release crude oil

Petrol Diesel Price Relief : According to the information given by the sources associated with the Ministry of Petroleum in this regard, soon the price of petrol and diesel may come down. For this, India has prepared its strategy and has decided to release 50 lakh barrels of crude oil. However, the final decision on this will still be taken after consultation with big consumers like America, China, Japan and South Korea.

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Crude oil production kept limited

Petrol Diesel Price Relief : Let us tell you that the Gulf countries have limited the production of crude oil. This is the reason why petrol diesel prices are setting fire in the international market. It has been learned that after America’s request, India has given its consent to release crude oil. This will make crude oil available in the market and its prices will start coming down.

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Shivam Bangwal

Shivam Bangwal is an India-based Entrepreneur. He is the Founder of Successful Startups like Youthistaan, People News Chronicle & Branding Panther. Shivam has done his Master's in Computer Applications.

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