Possible scenario
Levy Eased Back
20% Chance
If refining margins normalize or domestic supplies stabilize, India may reduce the tax to avoid discouraging refinery output. Export-oriented refiners would recover some lost margin, and the market would treat the increase as a temporary calibration.
Initial impacts
- Oil prices Down
Secondary impacts
- Energy +0.5%
Portfolio impact
S&P 500+0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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