Crude joke

The simple economics suggests that the surge in demands pushes the supply to increase the price. Here, Russia facing sanctions, thus trying to channel its unsold stock to India, however, for India it is an unsolicited import. Whenever unsolicited import takes place and it happens due to exporters' compulsion, then there is not even a bleak chance to welcome the export at an inflated price.

Secondly, the news headline with today's dateline writes that the continuous surge in Brent crude in the international market is having a great impact on us. The graphical illustration depicts that since Mar 07, 2022, there is a continuous fall of the price in the India Basket of Brent Crude.

Screenshot depicting the graphical illustration of historical oil price.

So, either the media is making you fool deliberately, or they are not capable of putting the facts before you due to paucity of knowledge. Whatever it is, in either of the case, facts are not reaching your doors.

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