Cooking gas price hiked by Rs11.50 per cylinder as India starts to lose advantage of low oil prices

Jun 01, 2020

Nilaya Varma, co-founder and CEO of consultancy firm Primus Partners, said, “International crude oil prices are still on the lower side, which is favourable for India. The country needs fund to revive economic activities that were disrupted due to the prolonged lockdown because of Covid-19. Low international oil prices will reduce the country’s import bill and help the exchequer to raise additional funds through increased excise duty.”

Publication: Hindustan Times