Prudent to estimate GDP growth at 7.8-8 per cent at present oil price levels: CII President Posted on May 16, 2022 by cngpump In the Business-as-usual scenario, oil prices are at $ 100 per barrel and GDP growth climbs down to 7.8 per cent. The most pessimistic scenario according to CII is if oil prices average at $ 110 per barrel, pulling down growth to 7.4 per cent. Related posts: Oil down 5 per cent after IMF slashes growth forecast India may relook inflation, growth projections, says RBI deputy governor Michael Patra In the season of record high crude price, oil companies to garner profitability Oil falls as demand concerns weigh against tight supply Petrol to escape Rs 2 green tax from October on 10 per cent ethanol blending ATGL’s revenue from operations at Rs 3,206 crore in FY22, increase of 80 per cent Oil price falls below $100, eases pressure on oil marketing companies Chennai: Cab fares up 14 per cent on fuel price hike Oil climbs on supply jitters as EU plans Russian oil ban Oil prices extend losses as Shanghai lockdowns hit demand outlook
