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The Fallout

On Skid Row
What happens if oil prices zoom?
Last Year
01-02
Current Year
02-03
Base Year
03-04
Worse case
03-04
Worst case
03-04
Oil Prices ($/barrel)
(Dubai crude)
22
28
30
36
40
Increase in domestic price assumed (%)
5.9*
5.5*
7.1
28
45
Oil import bill ($ billion)
14
16
19.1
22.8
25
Inflation (WPI, in %)
3.6
3. 1
4.1
6.7
9.7
Industrial growth (%)
3.3
6.1
6.0
4.0
2.5

* Actual

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Published At:
US