Diesel prices to come down heavily after 7 years

After a very long time of 7 years, the prices of diesel are likely to come down by Monday evening, according to sources. The Brent Crude Oil prices have come down in the international market. It was costing 115 U.S. dollars in June 2014 and has fallen down to 96.72 U.S. dollars during the previous week.

It is also learnt that the supply of crude oil is more than the existing demand that ultimately led for the likely reduction in the diesel prices. In the past 20 months, the diesel prices hiked as much as 19 times. Surely, the lowered diesel prices will have a great positive impact on the inflation rate, apart from benefitting the consumers directly.