Indian consumers face post-election fuel price shock, economy could be hit
Manoj Kumar, Nidhi Verma - Reuters
April 26, 2019
Who was cited:
Sri Paravaikkarasu, Director of Asia Oil and Head of East of Suez Oil Service FGE
Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.