The low prices of crude oil may benefit India in long term but may not boost the Indian economy in the short run. India imports around 80% of its crude. Low crude price may boost consumer spending and government's income from excise.

Fineprint: Low crude price may benefit India in long term, but may not boost economy in short run

GDP of oil industries dependent countries worst hit by crude oil price drop. Kuwait to face development setback amid COVID-19 pandemic crisis.

GDP of oil industries dependent countries worst hit by crude oil price drop

Indian govt may not reduce fuel prices as demand is low despite low crude oil prices. The prices of fuel have not changed in last 36 days. It's because the govt 'starves' for the revenue due to nationwide lockdown.

Indian govt may not reduce fuel prices as demand is low despite low crude oil prices