Archive for April, 2018

Crude Oil prices, diesel and petrol engine car sales   no comments

Posted at 1:45 pm in cars,precision parts,vehicle

After reaching a low a few years ago, crude oil prices have also increased significantly in 2018, and are at their highest in the last few years. In addition to increasing the exchange rate of the Indian rupee and the us dollar, as India is a major importer of oil, one of the major effects of the increasing prices could be the sale of cars with a diesel and petrol engine.
Earlier many people were preferring to purchase a car with a diesel engine, though it was costlier, as the price of diesel was lower than petrol
When the prices of crude oil fell, there was hardly any difference in the price of petrol and diesel, so the sale of diesel engine vehicles decreased. It would be interesting to find whether the crude oil prices will continue to increase.
Compared to United States, Japan, electric cars are not widely used in India

Written by ydpa on April 23rd, 2018