CRUDE OIL PRICES

India imports more than 80% of its crude oil⛽, which is later refined into various petroleum products.

This crude oil bill is the largest payment we make for any single item — accounting for approximately 5% of our GDP!

Recently, the Trump tariff announcements caused crude prices to drop by 15% — a big win for us, as we get oil cheaper!

Now think of it this way:
When the main item on the menu gets cheaper, the dinner doesn’t cost much!

—

EFFECTS OF LOWER CRUDE PRICES 📉

– 🔻 Lower inflation
– 💰 Lower fiscal deficit
– 🔁 Stable ₹ (rupee)
– 💵 Growing dollar reserves

As long as oil prices remain low, it’s a blessing in disguise for the Indian economy!