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Oh, people in India are not having a good time. Retail gas/diesel prices have barely changed. Retail price is still the same as when crude prices where at $99/b
by rubberstamp 11y ago
Oh, people in India are not having a good time. Retail gas/diesel prices have barely changed. Retail price is still the same as when crude prices where at $99/barrel. Taxes has been raised whenever crude prices falls, so the retail price remains the same.
- wingsonfire 11y agoThat is true but think what will happen if Crude was still at 100$. Can you imagine trade deficit? Rupee would have crashed
- rubberstamp 11y agorise in oil prices has never caused rupee to crash too much. Rupee has fallen a lot in last couple of years, but thats not due to increase in crude price. The govt could do better to support exports. There is still too much bureaucracy red tapes which discourages business. Unless this changes for better, it will not do any good in the long run.