Indian consumers face post-election fuel price shock, economy could be hit
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Article by:
Manoj Kumar, Nidhi Verma - Reuters
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Date Published:
April 26, 2019
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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.
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