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
Monday 20 April 2020
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What is Negative Pricing & Why US Crude WTI Price's Plunge May Not Affect Retail Prices of Petrol and Diesel
What is Negative Pricing & Why US Crude WTI Price's Plunge May Not Affect Retail Prices of Petrol and Diesel
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