The Fallout

The Fallout
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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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