Do you Crude oil rates have fallen by more than 60% this quarter?
Oil prices have fallen for four straight weeks and have given up about 60 per cent since the start of the year. Petrol and diesel prices were left untouched for the 14th day in a row today despite crude oil rates slumping to a new 17-year-low. Although state-run fuel retailers review prices everyday at 6 am, rates have been kept unchanged for almost a fortnight now. So far in the month, fuel rates have become cheaper by more than ₹2 a litre.
"The overall jump in export demand for fruits and vegetables has increased by 15%. But we have seen the demand for raw turmeric jump by 300%," said Kaushal Khakhar, chief executive officer at Kay Bee Exports.
The covid-19 lockdown further threatens the housing sector that has already seen a rise in unsold inventory of houses across leading cities in the country, Anarock Property Consultants expects an annual decline of 25-35% in home sales (top seven cities) in 2020