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

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 https://ift.tt/2VmqX4R

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