A big opportunity has come to check the truth of the popular story in India that the prices of petroleum products in the country have been left to the market. This story has been told to the people of the country for years that the price of petrol and diesel is decided by petroleum companies according to the market and the government has no role in it. Although this is a fictional story, in which the characters, places etc. are all fictitious. But if there is even a little truth in it, then this is the opportunity to prove it. The demand for petroleum products has decreased in the world market, due to which the price of crude oil has reached the lowest level in the last three years.
At present, the price of crude oil in the international market is less than $ 70 per barrel. According to the latest report, the price of one barrel of crude oil is $ 69.25. During the second wave of Corona, the price of crude oil had fallen so much and then, turning the disaster into an opportunity, the Narendra Modi government at the Center increased the excise duty etc. and brought the price to Rs 100 per liter. Since then, the price of petrol and diesel is around Rs 90 to Rs 100 per liter. If the price of petroleum products is subject to the market, then petroleum companies should make a big cut in the price of petrol and diesel because crude oil is at a three-year low. Companies can make an excuse that the dollar is expensive, but the ratio of the reduction in the price of crude oil is very high compared to that. The common people should get the benefit of this. The government should also put pressure on the companies to give relief in prices to the common people instead of filling their treasury.