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Crude Oil Prices Dip: Are Cheaper Petrol and Diesel on the Horizon?

Retail Fuel Prices May Drop as Margins Improve A recent decline in crude oil prices is creating an opportunity for state-owned oil marketing companies (OMCs) in India to reduce petrol and diesel prices by Rs 2-3 per litre. According to the rating agency ICRA, the average price of crude oil India imports fell to USD […]

India’s Wholesale Inflation Hits Four-Month Low in August Amid Declining Fuel Prices

Inflation Rate Drops to 1.31% as Food Prices Stabilize In August, India’s wholesale inflation fell to its lowest point in four months, registering at 1.31% on an annual basis. This marks a decrease from 2.04% in July, driven by a significant drop in fuel prices and a moderation in the rise of food prices. Fuel […]