With crude oil price touching 7-month high of $50 a barrel, Finance Minister Arun Jaitley has said India can handle the current level but higher rates will impact the economy and lead to inflationary pressure.
India, which depends on imports to meet 80 per cent of its oil needs, will have to spend Rs 9,126 crore ($1.36 billion) more for every dollar per barrel increase in crude oil prices while also seeing surge in...
Higher oil prices may create adversity: Finance Minister Arun Jaitley
India, which depends on imports to meet 80 per cent of its oil needs, will have to spend Rs 9,126 crore ($1.36 billion) more for every dollar per barrel increase in crude oil prices while also seeing surge in...
Higher oil prices may create adversity: Finance Minister Arun Jaitley
