Oil prices jumped to $ 139 a barrel on Monday because the US and the Allies were considered to ban oil imports from Russia, exporter of rough products and the largest enhanced products in the world.
Delay in Iran’s nuclear agreement, which can help lift sanctions against the Islamic Republic and get its oil flowing back to the global market, also adds to the ends of the market. After touching $ 139 a barrel in the initial trade, the highest since 2008, crude oil fell to around $ 130 per barrel where most of the stay in the daytime.
The price of domestic fuel remained unchanged for more than four months even because crude oil prices had surged almost $ 50 per barrel in that period. The state oil company, which has refrained from raising prices because the assembly poll in five states, can raise prices anytime now as the last polling foot concludes on Monday. The company may need to immediately collect around ₹ 10 per liter on gasoline and diesel.