How can India leverage rising crude oil prices to help the domestic economy?
Decimal Point Analytics has published its 'Decimal Digest' on 24th April
The international crude oil prices are near four-year highs at mid $70s per barrel due to geopolitical reasons and artificial supply constraints. With a five percent ethanol blending norm in India for petrol, oil marketing companies are procuring domestic ethanol which is costlier than imported petrol.
There is also a clamor for the government to reduce the excise duty and VAT burden on motor fuels and offer respite to the common man.
The article proposes a solution which can support the local economy and also help the motorists at the same time.
Read the full article here
About Decimal Point Analytics
Decimal Point Analytics is a financial research & analytics company incorporated in 2003 with headquarters at Mumbai. It is an independent, management-owned company, which provides actionable analytics to financial services companies. It offers customized solutions to investment management businesses that address specific challenges. It enables these customers to supplement their operations with additional resources and augment research processes using Artificial Intelligence (AI) technologies like Machine Learning (ML), Natural Language Processing (NLP) and Big Data.
Decimal Point Analytics has a presence across 4 global locations including the United States, UK, and India.
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