Gasoline and diesel stable for fifth day in a row on July 22, 2021, crude oil drops to $70/barrel

Gasoline and diesel stable for fifth day in a row on July 22, 2021, crude oil drops to /barrel

Petrol and diesel prices remained stable for the longest period of time, giving consumers huge relief. Already the petrol prices have exceeded Rs. 100 marks per liter in most cities, including subways.

In the international markets that determine India’s auto fuel prices, crude oil remained above $70 a barrel following a decline in US crude inventories.
West Texas Intermediate (WTI) maintained its status in early Asian trading after crude oil prices rose more than 4% the previous day. Gains in the global equity market boosted risk-on sentiment among investors and outweighed concerns about demand for the commodity amid rising deltas around the world.

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