• SENSEX
    NIFTY 50
Business

Rising oil prices, weakening rupee will impact the economy, say officials

Updated : May 31, 2018 08:49 AM IST

As of May 14, Indian crude basket is close to $75, while the average price of crude for the Indian basket in the current fiscal is $71 as of May 17.
Government officials have indicated to CNBC-TV18 that the "LPG subsidy formula may have to be reassessed", in the light of these factors.
Rs 1 cut in excise on petrol and diesel is likely to cost the exchequer Rs 13,000 crore for full fiscal.
Rising oil prices, weakening rupee will impact the economy, say officials

You May Also Like

Live TV

recommended for you

Advertisement