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Consumer, tyre companies wait for crude derivative prices to ease

The firms also say that while crude oil prices have cooled off, they must sustain at current levels for actual impact to be seen on manufacturing operations

crude oil

Sharleen DsouzaSohini Das Mumbai

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Crude oil prices have come off their peaks, but consumer and tyre companies are still wary as crude derivative prices are yet to cool off.

Also, companies say that spot crude should sustain at the current levels for the actual impact to be seen in the form of a reduction in fuel prices by the government. That is when the impact will be felt by Indian companies.

“While crude prices have come off (their peaks), they are yet to have an impact on packaging material prices, and that is not a big component for us. Freight has not come off

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First Published: Mar 26 2023 | 6:38 PM IST

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