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Government may opt to control retail fuel prices to cushion inflationary shocks: S&P

Updated : September 24, 2018 03:24 PM IST

India imports almost 80 percent of its crude oil requirements.
Rising crude prices and the recent 10 percent slide in the rupee has translated into higher fuel prices for consumers.
S&P said it assumes a Brent crude oil price per barrel of $70 for the rest of 2018, $65 for 2019, and $60 for 2020, against the current spot price of almost $80 per barrel in our financial projections.
Government may opt to control retail fuel prices to cushion inflationary shocks: S&P
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