SBI Report: No direct impact of oil price hike on India's fiscal situation

By KLF AI Desk•20 May 2026, 10:36 am•

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Fuel prices have risen by Rs 3 per litre. This move aims to reduce losses for oil companies. SBI's research report Ecowrap suggests that the impact on consumer inflation will be temporary. Annual fuel consumption is expected to remain stable.

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SBI Report: No direct impact of oil price hike on India's fiscal situation

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