India's crude oil prices drop below $70 per barrel
after close1 source ↓written by the desknot a recommendation
- has fallen
- $68.86 per barrel
India's crude oil basket has fallen to $68.86 per barrel, easing the import bill and inflation outlook. Despite this decline, oil marketing companies are likely to maintain retail prices to recover past losses, particularly on diesel. Experts suggest potential price cuts could occur in August, coinciding with upcoming state elections.
Not investment advice. For informational purposes only.