Fall in global crude prices may not translate into instant fuel price cuts in India: NIPFP economist

Iran Herald · June 17, 2026 General

New Delhi [India], June 17 (ANI): Any decline in global crude oil prices after easing tensions in the Middle East may not immediately lead to lower fuel prices in India, according to SK Md Azharuddin, Economist at the National Institute of Public Finance and Policy (NIPFP).