An oily despair: For first time, Indian consumers are facing full brunt of rise in crude prices

While the idea is not to advocate fuel subsidies, it is critical to highlight the consumer’s despair during this oil price shock and in the backdrop of the income hit due to the pandemic. So how are industries responding? Facing the pressure of rising input cost, they, too, are passing on the increase to consumers gradually.

from Energy-Industry-Economic Times https://ift.tt/3lp9zdb