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The Economic Times

Economy / The Economic Times

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Oil below $80 may cap fuel price hikes, boost India outlook

Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting improved inflation and growth. Lower oil costs will also help narrow the current account deficit. While wholesale inflation may react quickly, retail inflation depends on oil marketing companies' decisions.

18 Jun 2026 12:17 am