The Fuel rates are coming down in a slow and phased manner. The price of a litre of petrol in Hyderabad is around Rs 75. The crude rates have come down resulting in the reduction of fule rates.
The Corona Effect is not felt on the crude oil rates so far it looks like. But the Gold rates are going up across the country due to the Corona effect.
The aviation business is effected by Corona and the Poultry business has lost huge business due to Corona. While there are some cases of Corona in Kerala, there are no cases of Corona in Telangana state.
There is a chance that the fuel rates might come down further. But this is going to be a temporary phase it looks like. So far the fule rates have down twice in the last week.
This is an international phenomenon.
