iran But petrol has become expensive in America, the country that started the attack. The average price of a gallon of gasoline in the US has increased by 11 cents overnight to about $3.11. American Automobile Association (AAA) gave this information. Let us tell you that 1 American gallon is equal to approximately 3.78 liters. That is, after this latest increase, the price of 1 liter petrol in America has become approximately Rs 75.69. However, even before the US started attacking Iran, petrol prices were rising because oil companies are preparing a different type of fuel for the summer.
Strong rise in crude oil prices due to worsening situation in Gulf countries
But, due to the war, there has been a sharp increase in the prices of crude oil this week. On Tuesday, crude oil prices reached their highest level in the last one year. The main reason for the sharp increase in crude oil prices is the retaliatory attacks by Iran, which also includes the drone attack on the US Embassy in Saudi Arabia. The price of America’s main crude oil rose 8.6 percent to $ 77.36 per barrel. The price of Brent crude has increased by 6.7 percent to $ 81.29 per barrel. Global oil prices rose sharply at the beginning of the week due to concerns that the global supply of crude oil would be disrupted due to the war in the Gulf countries.
India has enough crude oil available
After the attack by Israel and America on Iran, the environment of the Middle East is continuously deteriorating. The closure of the Strait of Hormuz by Iran has created a crisis in the availability of crude oil all over the world. However, the situation for India is still completely under control. Government sources said that India has 25 days of crude oil and refined oil stock available. Apart from this, considering the current circumstances, the government is looking for other sources to import crude oil, LPG and LNG. On the other hand, Qatar has also stopped the production of LNG after Iran’s drone attack.
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