The historic oil price crash in April and a protracted spell of subdued market reduced India’s oil import bill since January by 40%, giving the cash-strapped government some headroom as it battles Covid-induced headwinds.
source https://timesofindia.indiatimes.com/business/india-business/how-cheap-oil-is-helping-government-battle-covid-headwinds/articleshow/78195870.cms
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