In the beginning of October, the price of Brent crude has fallen below $70 per barrel. The price has fallen by 9 percent in the month of September and by 17 percent in the third quarter i.e. July-August and September. According to news agency Reuters, the main reason for the fall in crude is the crisis in the Gulf countries and the expectation of low demand and increased supply in the coming time.
Morgan Stanley has estimated that in the year 2025, there will be a surplus situation in the crude oil market, that is, production will be more than the demand. In such a situation, countries like India, which buy crude in large quantities, will directly benefit.

India will get crores of rupees of profit!

>> The country's import bill will be reduced and the subsidy burden on the government will also be reduced. Apart from this, the country's paint, plastic, fertilizer and shipping companies will benefit from the cheapness of crude oil.

>> Oil marketing companies like HPCL, BPCL and IOC will benefit from the fall in crude prices.

>> Oil and gas companies like MRPL, Chennai Petro, and Manali Petrol will also benefit because crude acts as raw material for these companies.

>> Aviation companies like Indigo and SpiceJet will benefit from cheap crude because these companies will be able to get cheap ATF. ATF accounts for 40-45 percent of the total cost of airlines. >> Tyre companies like Apollo Tyres, CEAT and JK Tyres will also benefit from the fall in crude prices. >> Carbon black or synthetic rubber used by tyre companies is prepared from crude oil. >> Paint companies like Asian Paints, Berger Paints, Kansai Nerolac and Shalimar Paints will also benefit from the fall in crude prices as crude accounts for 25-30 per cent of the total raw material cost of these companies. >> FMCG companies like HUL, Godrej Consumer and Dabur will also benefit from cheap crude as crude accounts for 15-30 per cent of the total cost of manufacturing FMCG products. >> VIP Industries will also benefit from cheap crude, and PVC manufacturing companies like Jain Irrigation and Finolex Industries will also benefit. >> Derivatives of crude are used to make PVC. Plastic-dependent companies like Neelkamal and Supreme Industries will also benefit from cheap crude. >> DCW, Phillips Carbon, Goa Carbon and Nocil will also benefit from cheap crude.