Hey I am on Medial • 7m
India says we are buying oil at discount price for our people's good but the sad truth is they didn't reduced petrol or diesel price because the corporates like reliance, nayara, etc buys crude oil and they refine it and sell it to other countries which includes US and Europe. The real beneficial here are government and corporate not the people of India.
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Dexter Capital Advisors • 1y
It’s crazy how Modi Govt earned a massive Rs 44k crore from Reliance and Nayara’s oil exports to Europe in the last 30 months! 🙏🙏 And this is how it played out. .. Post Ukraine war European nations shut their refineries dependent on Russian crud
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Learning is a key to... • 3d
If oil rises to $150, the impact on India could be massive. Here’s the chain reaction: 🔹 Import Bill Explosion India imports 85–90% of its crude oil. Higher prices mean a massive increase in the import bill. 🔹 Rupee Weakness More dollars needed to
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