Now Reading: Brent crude settles 3.8% higher at $82.49 a barrel
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Brent crude settles 3.8% higher at $82.49 a barrel
Brent crude settled 3.8% higher at $82.49 per barrel in the previous session, while US West Texas Intermediate rose 2.8% to close at $77.29 a barrel, according to NDTV Profit. The figures…
The Story in Brief
Brent crude settled 3.8% higher at $82.49 per barrel in the previous session, while US West Texas Intermediate rose 2.8% to close at $77.29 a barrel, according to NDTV Profit. The figures were reported alongside its August 7 update on petrol and diesel prices in Indian cities, including Mumbai, Bengaluru, Chennai and Kolkata.
The source does not provide the city-wise petrol and diesel rates in the available report. The rise in global crude prices may influence fuel pricing, but the report alone does not establish any change in pump prices in India.
The Indian Opinion
A jump in crude prices often brings quick claims that Indian motorists will immediately pay more, while a single quiet day can produce the opposite claim. Neither follows from these figures alone. Retail rates also depend on taxes, currency movements and the pricing decisions of fuel retailers. The useful check is simple: compare the official pump rate in each city on August 7 with the previous day, rather than treating one session’s crude move as the whole story.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
