Why in news With global crude oil prices slipping below $70 a barrel , economists reckon there is a strong case for a fuel price cut Cheap...
Why in news
With global crude oil prices slipping below $70 a barrel, economists reckon there is a strong case for a fuel price cut
Cheaper petrol and diesel would also help slow inflation, paving the way for interest rate cuts, and boost consumption.
Retail prices for petroleum products have been static since March, when they were reduced by ₹2 a litre ahead of the general election.
There is a strong case for another cut in fuel prices, possibly by ₹2-₹4 per litre if global crude prices continue to remain below $75 per barrel over the next one-two months
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