US
Referring to a tweet by Trump in which he linked US support for Middle Eastern countries to oil prices
Also approves decrease of Rs6.37 per litre in price of high-speed diesel
May put responsibility of price revision on incoming government
Insists these steps will facilitate new elected government
Caretakers pass on to consumers full impact of rupee’s depreciation against dollar
Taxes are particularly high on widely consumed petrol and diesel
Also seeks details on mechanism for determination of oil prices
OPEC to meet on Friday to decide output policy amid calls US and China to cool down oil prices
Analysts say timing of letting currency lose value is questionable
OPEC, allies may agree to hike crude output in upcoming meeting