Crude oil has fallen 30% this year due to Corona’s

Mumbai, Feb 28 (HS): The crude oil market has been badly affected by the havoc of the Coronavirus. The price of Brent crude, the benchmark crude oil in the international market, has lost nearly 30 percent from the height of this year. According to market experts, the price of crude oil may fall further in next some days.

Experts said that the price of Brent crude, which is currently running at  50 dollars per barrel, may come down to 45 dollar per barrel. The price of Brent crude is at a low level after 26 December 2018, when the price fell to  49.93 dollar per barrel.

Due to the fall in the price of crude oil, Indian consumers can get relief from inflation of petroleum products including petrol and diesel.