Deloitte: India's Crude Demand Growth At 4-5% Next 2 Years

The video discusses the impact of rising oil prices on India's economy, highlighting the challenges posed by increased costs due to geopolitical factors and economic recovery post-COVID. It examines how local elections influence oil pricing, with companies delaying price hikes to avoid consumer backlash. The potential return of fuel subsidies, particularly for LPG, is considered as a short-term solution. The role of state-run oil companies like ONGC in stabilizing prices is also explored, though it's noted that relying on them is not ideal.

What factors are influencing the current state of oil prices in India?

How does an increase in oil prices affect India's economic growth?

What are the potential consequences for India if oil prices exceed $100?

How do local elections impact the pricing strategies of oil marketing companies in India?

What measures might the Indian government take in response to rising oil prices?