228K views · 176 shares | COVID-19: Oil prices drop to historic lows after extreme collapse in demand | The Times of India | Facebook
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Why oil is expensive in India, and what the government could do
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wionews.com
The historic oil price crash in April and a protracted spell of subdued market reduced India’s oil import bill since January by 40%. This gave the cash-strapped government some headroom as it battled Covid-induced headwinds. India paid Rs 2.6 lakh crore for 115.5 million tonne of oil imported in the January-July period against Rs 4.2 lakh crore for 130.8 mt in 2019. Cheaper oil has a positive impact on macroeconomic parameters, which reduces drag on govt finances and frees up resources for welfa
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The historic oil price crash in April and a protracted spell of subdued …
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India to continue buying oil from Russia as ties deepen
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India to continue buying oil from Russia as ties deepen
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ALJAZEERA
This week is Diwali, the Hindu festival of lights and the biggest public holiday in India. It’s a sensory overload of sweets, fireworks, oil lamps and flower garlands. Diwali typically falls in October or November and lasts for several days. For millions of families across India and the Indian diaspora, it’s a time for feasting, self-reflection, and prayers for good fortune. Read more: https://nyti.ms/4qgCAH7 | The New York Times
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