Modi’s big challenge may turn into his biggest ally for 2019

Oil prices have been off the highs reached in October. This also means lower pressure on the rupee as we will need fewer dollars to buy oil. Centre will spend less on subsidising fuel and LPG, and oil companies can cut petrol and diesel prices. Having to allocate less money to oil means higher public resources for other welfare projects and schemes.

from Times of India https://ift.tt/2zXCPys