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Crude oil prices decline below $70; petrol, diesel unlikely to get cheaper
The New Indian Express
|September 12, 2024
EVEN as crude oil prices declined below $70 a barrel for the first time since December 2021, analysts believe that petrol and diesel prices in India are unlikely to come down anytime soon.
They indicated that oil marketing companies (OMCs) would prefer to see a sustained trend of lower crude prices for a longer period before making any decisions on domestic fuel prices.
"Oil marketing companies would possibly like to see sustenance of the trend of lower crude prices for longer before they take a call on prices," said Prashant Vasisht, VP & co-head, corporate ratings, ICRA.
Cette histoire est tirée de l'édition September 12, 2024 de The New Indian Express.
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