It is expected that the Centre might slash petrol and diesel rates by Rs 3-5/litre around Diwali given key state elections from November-December 2023.
India could be buying Russia’s flagship Urals grade at discounts of as much as $35 a barrel on prices before the war. Given that Brent prices have risen more than that since the war began, substantial savings can accrue from the deep discounts
The duration of high crude oil prices and the peak price level will define India’s inflation trajectory and economic growth, chief economic adviser (CEA) V. Anantha Nageswaran said in an interview