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OPEC+ Adds 188,000 Barrels Per Day for August — Cheaper Crude May Follow
Times of India·Monday, 6 July 2026
OPEC+ has approved an extra 188,000 barrels per day of crude oil production for August, continuing its rollback of earlier output cuts. Global benchmark Brent crude is already near pre-conflict levels. Oil firms in India expect to soon break even on petrol and diesel sales, though cooking gas continues to be sold at a loss.
Why It Matters
More crude in the global market generally means lower fuel prices — which affects everything from your petrol bill to the cost of goods that travel by truck.
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