Discover and read the best of Twitter Threads about #PriceHike
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A short thread on Crude again. Aside from the jokes about filling your tanks now (really solves nothing), the problem with crude is not that retail prices will rise at $115. That is happening worldwide. 1/n
#Crude #PriceHike #inflation
#Crude #PriceHike #inflation
The problem is that
1. Election tactics will squeeze a very large increase into a very short window causing stress to people
2. What have we done with policy? Last time crude was $100, then RBI head Raghuram Rajan suggested deregulating diesel - nothing done . 2/n
#Crude
1. Election tactics will squeeze a very large increase into a very short window causing stress to people
2. What have we done with policy? Last time crude was $100, then RBI head Raghuram Rajan suggested deregulating diesel - nothing done . 2/n
#Crude
3. Despite all our chest thumping, domestic oil production has been DECLINING.India’s crude oil production fell by 5.2 % and natural gas production by 8.1 % in FY21 . Ageing wells, not enough tech upgrade, no change in policies like cess.
#Crude #PriceHike #inflation
#Crude #PriceHike #inflation
