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Why the Historic Crash in Oil May Not Affect Retail Prices of Petrol, Diesel for Consumers in India

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India being a large importer of crude and having a crude-intensive economy tends to gain when crude prices fall. This helps reduce our oil import bill and helps improve our balance of trade -- imports exceed exports by far less than usual. This helps support the value of the rupee and also contain inflation.

from Top Business News- News18.com
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Why the Historic Crash in Oil May Not Affect Retail Prices of Petrol, Diesel for Consumers in India Why the Historic Crash in Oil May Not Affect Retail Prices of Petrol, Diesel for Consumers in India Reviewed by Team Exprssnews on April 20, 2020 Rating: 5

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