00:00In India, everyone is waiting for the price of LPG to go down.
00:09On the first day of every month, government oil companies announce new prices.
00:14For people, the price of LPG is no less than a big good news.
00:18In this way, this time on January 1, 2025, that is, in the new year, LPG prices can be expected to go down.
00:26Why? Let's know in the video.
00:28On January 1, 2025, LPG prices will be announced by government oil companies.
00:34In India, although the price of LPG cylinders is troubling the common people,
00:39but in the domestic market of Russia, the prices of LPG have fallen to half.
00:44In Russia, LPG is used in the production of food, cars, heating and other petrochemicals.
00:51According to the Reuters report, in Russia, in December 2024, LPG prices fell to half compared to November 2024.
01:00Because in the last month of November, the price of LPG was 28,000 rubles,
01:05and its price fell to 14,000 rubles on December 20, i.e. 140 dollars.
01:11This means that 50% has been reduced.
01:15Now what is the reason behind this?
01:17So the biggest reason for the fall in LPG prices in Russia is that Russia used to export LPG to European countries on a large scale.
01:27But due to the restrictions imposed on December 20, 2024, Russia's export stopped.
01:33Poland, Russia's largest importer of LPG, had proposed a ban on the export of LPG to Russia.
01:41Due to this ban, the supply of LPG increased in the domestic market of Russia.
01:45And you know that when the supply increases, the prices automatically decrease.
01:50Now after the cut of European countries, Russia has increased the export of LPG to countries such as China, Mongolia, Armenia, Georgia and Azerbaijan.
02:00In addition, China is also considering importing LPG from Russia.
02:04Now in this case, we have to see what are the possibilities for India.
02:08So you must remember that India imported crude oil from Russia at low prices.
02:13Now after doing this, the question arises that can India also consider cheap LPG imports?
02:19As it is considered by the example of cheap crude oil.
02:22In February 2022, after the Ukrainian war, India imported cheap crude oil from Russia.
02:28This also benefited oil companies, although the prices of petrol and diesel were not reduced for the common public.
02:35Now, is LPG also cheap?
02:37So if India buys cheap LPG from Russia, then there is a possibility that its price can reach the common people.
02:46Let me tell you that the rising prices of LPG in India are a matter of concern for the common public.
02:51On January 1, 2024, government oil companies will review the LPG prices.
02:56And in this case, the import of LPG from Russia can be a possible relief.
03:00If India imports cheap LPG from Russia, then the LPG prices may be reduced in India as well.
03:08What do you think? Do tell us by commenting.
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