Deloitte: India's Crude Demand Growth At 4-5% Next 2 Years

The video discusses the impact of rising oil prices on India's economy, highlighting the challenges posed by increased costs due to geopolitical factors and economic recovery post-COVID. It examines how local elections influence oil pricing, with companies delaying price hikes to avoid consumer backlash. The potential return of fuel subsidies, particularly for LPG, is considered as a short-term solution. The role of state-run oil companies like ONGC in stabilizing prices is also explored, though it's noted that relying on them is not ideal.

What is the estimated impact on India's economic growth if oil prices increase by $10?

• 0.1% decrease

• 0.32% to 0.35% decrease

• 0.5% decrease

• No impact

Why have oil marketing companies in India not increased retail prices for 90 days?

• Due to international agreements

• Because of local elections

• To boost economic growth

• To reduce inflation

What is the expected range of under-recovery per litre after the state election results?

• 1 to 2 rupees

• 3 to 4 rupees

• 8 to 9 rupees

• 10 to 11 rupees

Which segment might see the return of subsidies if oil prices continue to rise?

• Diesel

• LPG

• Petrol

• Kerosene

How have state-run oil companies like ONGC been affected by higher oil prices?

• They have been losing market share

• They have been struggling

• They have been benefiting

• They have been unaffected