Crude prices: Brace up for impending storm
India has benefitted immensely from lower crude oil prices, which fell over 50 per cent in 2014 and 2015, till recently. It helped the government in handling of inflation and fiscal and current account deficits.
Centre okays Rs.5,085 crore in oil subsidy
The government has sanctioned Rs 5,085 crore in oil subsidy for the December quarter, less than one-third of the revenue lost on LPG and kerosene sales.
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