A big drop in crude oil oil prices have raised hopes of a possible reduction in India fuel prices.

Brent crude fell to its lowest level since January on Monday, with prices falling $2.6/barrel, or more than 3%, to $80.97. Concerns about another production cut by the Opec+ group of oil exporters, including Russia, contributed to the sharp drop.

The decline in Brent crude prices has increased the cost of ‘Indian basket‘ – or the mixture of crude oil used by Indian…



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