About this document
Impact of Rs 7.5 Petrol Price Hike by kristokuns is a document available to read on EtoBox.
The document discusses India showing signs of stagflation as petrol prices were increased by Rs. 7.50 per liter. This steep hike will add to inflationary pressures and negatively impact car sales, particularly for Maruti Suzuki as 70% of their sales come from petrol models. An EGoM meeting is scheduled to discuss hikes in diesel and LPG prices as well, which could provide relief to OMCs but face political opposition. There are also expectations that diesel prices may be hiked to further widen the price gap
- Author
- kristokuns
- Language
- EN