According to the latest a surprise prediction came on crude oil prices. If the predictions come true then petrol prices will come down as low as Rs 30/litre soon.
Standard Charted which comes with yearly predictions came with its laters prediction. The company which predicted crude oil prices to come down from $54 to $ 10 per barrel in 2015 now came with similar predictions for 2016.
According to it crude oil prices are expected to come down to $ 20 and added that it will not touch over $ 63 per barrel. At present oil prices are around $ 46 in Indian market and average pertol price per litier is Rs 68.45 in Hydearabd and if crude oil price comes down to $ 20 as predicted then price will comedown to Rs 30/litre. It has to be seen if Government will allo w this to happen as always manytimes Government increased other taxes so that the benefits donot reach the common man.