For the last four months, India has enjoyed the surprising benefit of
falling crude oil prices. When crude oil prices fall, there is an
automatic decline in prices of petrol, diesel, kerosene, LPG gas and a
host of hydro-carbon prices. Four months ago, the price of Crude oil was
nearly US$ 115 dollars per barrel. Now the price is around US $ 88 per
barrel. This steep fall has had some benefits for India.
