You are here: Home » Economy & Policy » News
Business confidence rises in Oct-Dec as India Inc optimistic on growth: CII
Will pre-election budget budge on MAT on SEZs?
Business Standard

FY19 Budget may assume crude oil price at $65/barrel

The ongoing price rise could mean a higher subsidy on petroleum products this year and the next

Topics
Budget 2018

Arup Roychoudhury & Shine Jacob  |  New Delhi 



Budget 2018 on Oil Prices
The Finance Ministry and the Oil Ministry have deliberated the issue of rising crude oil prices

Union Budget 2018-19 is likely to assume an average crude oil price of $65 a barrel. It was $55 a barrel for 2017-18. Crude oil prices have been rising because of an extension of the earlier production cut deal by the Organization of the Petroleum Exporting Countries (Opec). India imports about 80 per cent of its crude oil consumption.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, December 11 2017. 01:08 IST

RECOMMENDED FOR YOU

.