RISING FUEL PRICES and OMC STRESS IN INDIA
Recently, government-owned Oil Marketing Companies (OMCs) have hiked the retail prices of petrol and diesel in a staggered manner (a ₹3/litre hike followed by a 90-paise hike) after a four-year hiatus on major price increases. Key Highlights of the Current Scenario Primary Reasons for the Price Hike Macroeconomic Implications Background: Pricing Mechanism of Fuel in […]
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