Part 1 – Will India see drop in petrol and diesel prices? | Impact of WTI Oil Crash

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Have you ever wondered who controls petrol prices in India? If yes, then you are in the right place. Petrol and diesel have become an essential part of modern living. There’s not a single day for us that goes without worrying about skyrocketing petrol prices.

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Now, suddenly, the arrival of this news on negative oil prices must have created speculations in many minds. In this article, I will try to unfold many of such questions and speculations with the help of simple and lucid examples.

This article will talk about recently happened West Texas Intermediate (WTI) Oil Crash and its impacts on petrol prices in India. It will also talk about that single “Formula” which governs petrol prices.

wti oil crash impact

There will be two parts to this article. In part one, we will see what exactly happened on the 20th of April in West Texas. In part two, we will majorly focus on the pricing mechanism of petroleum products in India.

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