The price of petrol is always at the center of discussion in the country. India In present In Some? Cities Petrol price is running above a hundred rupees. The rising prices of petrol in the country have always been a cause of concern for the common people because they always spoil their budget. But, you will be surprised to know that there are some countries in the world, where one liter of petrol bottle or a cup of tea is also cheaper. At the same time, in some countries, the price of crude oil is less than the water sold in India.
How much crude oil price is in India
Let us know that a barrel is about 159 liters in crude oil. In recent times, the price of a barrel in the international market is around 5500 Has been around Rs. At the same time, India is between 5500 and 5800 on MCX. This means that one liter of crude oil is close 38 It falls around the rupee. It is only the cost of crude oil. Explain that crude oil has to be refined and processed and after that expenses like tax and transport also join it. Let me tell you, crude oil is not directly used. But if you compare the price of water and petrol, drinking water is cheaper than oil at everyday.
At the same time, in India, if a branded company like Himalayan water goes to buy bottles, then its price is more than 70 rupees. From this perspective, the price of crude oil in India is less than water.
Venezuela is the country in the world where petrol is available at the cheapest price. The price of a gallon petrol here is around Rs 4.97, ie a liter of petrol is available for only Rs 1.34. Libya is famous for very low petrol prices. Here one liter of petrol is available for just Rs 2.68 and one gallon is available for about Rs 9.93. Its The main reason is that this country Oil And is rich in fossil fuel reserves.
Iran is counted among the countries rich in oil production and petrol prices are also very low here. The country exports more than half its oil. The price of a gallon petrol here is about Rs 16.56, ie petrol is available for only Rs 4.47 per liter. Algeria is also included in countries rich in oil and fossil fuels. Petrol is very cheap here,The price of a gallon is around Rs 105.13, while the price per liter is around Rs 28.3.