Section

Brent below $80/bbl, is the time ripe for Modi govt to cut fuel prices before elections?

By Economic Times - 5 months ago
Amid Brent Crude's drop below $80 per barrel, India's Modi government may consider a fuel price reduction before upcoming general elections, aiming to ease the financial burden on consumers. The Bharatiya Janata Party, eyeing a third consecutive term, may leverage the recent decline in oil prices to address living costs, benefiting from state-run oil marketing companies' increased margins.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.