Impact Of Falling Crude Prices On OMCs & India’s Fiscal Situation
ET NOW
2014-12-02
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The panic run amongst oil traders continues - the Brent has plummeted to five-year lows, below $70 a barrel after the OPEC decided not to cut production last week. Thanks to the global crude prices crashing, India, for the first time in a decade, could be staring at an annual fuel subsidy bill of less than Rs 65,000 crores. But how exactly does this impact oil marketing companies and the country's fiscal health? ET NOW sums it up for you!
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ET Now : http://goo.gl/5XreUq
Times Now : http://goo.gl/U9ibPb
The NewsHour Debate : http://goo.gl/LfNgFF
The panic run amongst oil traders continues - the Brent has plummeted to five-year lows, below $70 a barrel after the OPEC decided not to cut production last week. Thanks to the global crude prices crashing, India, for the first time in a decade, could be staring at an annual fuel subsidy bill of less than Rs 65,000 crores. But how exactly does this impact oil marketing companies and the country's fiscal health? ET NOW sums it up for you!
Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
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