OIL’S ZERO-SUM GAME

The May futures contract for West Texas Intermediate crude oil fell to minus $37.63 a barrel. But retail prices in India have not fallen due to sharp increase in excise duty

The May futures contract for West Texas Intermediate ( WTI) crude oil fell to minus $ 37.63 a barrel. But retail prices in India have not fallen due to sharp increase in excise duty By Shivani Sharma | Graphics by Tanmoy Chakraborty