Petrol, Diesel Prices to Plummet by 2026: SBI Research Predicts Major Relief

• SBI Research predicts crude oil prices will drop to $50 per barrel by June 2026.
• Brent crude prices have remained around $60 per barrel, with no significant surge despite the Venezuela crisis.
• Lower crude prices are expected to keep CPI inflation below 3.4% for FY26-27, easing public burden.
• India's GDP growth could see a 0.1-0.15% boost, significantly reducing import costs.
• The Rupee is projected to strengthen by approximately 3% against the Dollar, potentially reaching 87.5.

Why It Matters: Falling crude prices by 2026 promise economic relief for India, boosting GDP and strengthening Rupee.