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Monday, January 15, 2024

India To Encourage Gasoline Sales -- January 15, 2024

Locator: 46551INDIA.

Now that John Kerry is stepping down, apparently the Indians feel it's safe to start dropping the price of gasoline.

Link here.


1,700 rupees = $20 USD.

A ton of crude oil: 7.5 bbls. 

$20 / 7.5 bbls = $2.70 / bbl. Okay.

It was 2,300 rupees = $28 USD = 28 / 7.5 = $3.75. 

Recently reported: Saudi Arabia also cutting price of their oil being sold to India.

Apparently India is passing the savings on to their citizens.

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