#mehangai news - India: The curious case of high petroleum consumption

Hellenic Shipping News WorldwideIndia: The curious case of high petroleum consumptionHellenic Shipping News WorldwideIn FY06, Indian crude basket price had increased as much as 42% over the previous year in dollar terms. In complete contrast, Indian crude price basket saw a sharp drop of 47% for 7MFY16. This highlights petroleum consumption increases when prices fall.

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