Lower Oil Prices Boon For India’s Twin Deficits If Not Consumers
A worker stands on a platform as the Vadinar Refinery complex operated by Nayara Energy Ltd., formerly known as Essar Oil Ltd. and now jointly owned by Rosneft Oil Co. and Trafigura Group Pte., is illuminated at night near Vadinar, Gujarat, India, on Thursday, April 26, 2018. Photographer: Dhiraj Singh/Bloomberg

Lower Oil Prices Boon For India’s Twin Deficits If Not Consumers

The sudden plunge in crude oil prices may benefit government finances and India’s external indicators even if consumers see only a limited impact of lower retail fuel costs.Brent crude tumbled 32 p...
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