New Delhi: Petrol prices in the country may come down. Petroleum Minister Hardeep Puri said on Tuesday that the world has enough crude oil and more supply is coming into the market from countries like Brazil and Guyana, which is expected to reduce oil prices in the future.

no oil shortage

The Union minister told the media during an event here that there is no shortage of oil. However, due to geopolitical tensions, suppliers avoid conflict areas, due to which they have to pay higher freight and insurance charges. This increases oil prices. The BJP leader expressed hope that diplomacy will be given priority in the times to come.

Israel can launch a major attack

In fact, after the Iranian missile attack, it is being speculated that Israel can target oil or nuclear plants in Iran. As a retaliation, Tehran can choose to directly attack Israel or close the Strait of Hormuz. The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf to the Gulf of Oman and the Arabian Sea. About 20 percent of crude oil goes to various countries through this route.

What are the prices of petrol and diesel?

In Delhi, the price of a liter of petrol is Rs 94.72 and the price of diesel is Rs 87.62 per liter. At the same time, the price of petrol in Mumbai is Rs 103.44 per liter and the price of diesel is Rs 89.97 per liter. In Kolkata, the price of petrol is Rs 104.95 per liter and diesel is Rs 91.76 per liter.