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Lower Oil Prices Do Not Mean Cheaper Fuel, Why? | Mint Primer | Mint

Crude oil prices which touched rock bottom when the covid pandemic broke out in 2020 have gained steadily since then, as the world made progress in the battle against the coronavirus. However, with the onset of the Russia-Ukraine war in February and following supply chain disruptions, oil prices began climbing, peaking at $127.98 in March. With the global economy slowing down, crude oil prices fell as low as $76.1 in the first week of December. However, retail customers may have to wait longer for relief, why? Let us analyze the implications of cheaper oil for the Indian economy.

1 Feb 2023
Market

Petrol’s comeback act in the making

The share of diesel cars, hitherto preferred for the cheaper fuel, could drop to as low as 30% of car sales in the next two years, down from the present 50%, says study

1 min read19 Jan 2015
Industry

Consumer of last resort missing as US leaves the world behind

Home grown demand and production are more important drivers of the US economy than they were a decade ago

10 min read2 Dec 2013

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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