Oil prices have recently plummeted to their lowest levels since mid-2021 due to various factors, including China’s tariff retaliation against the US and OPEC+’s recent decision to ramp up production. This downward trend presents a golden opportunity for India to slash fuel prices, which could help in alleviating inflationary concerns and cutting down on import expenses. The reduction in fuel costs has the potential to positively impact both the Indian economy and households across the nation, providing some much-needed relief.