No demand destruction seen in oil despite higher prices | Pinakin Parekh,J.P. Morgan
Speaking to ET NOW, Pinakin Parekh stated that taxes have been levied to fight inflation, whereas the taxes on oil is to get more revenue. He also added, "Difficult to estimate when the tex on oil will be removed. No demand destruction seen in oil despite high prices". Parekh asserted that the refining outlook continues to remain strong atleast for the next two to three quarters. What are the emerging trends in metals and energy? Watch this interview exclusively on ET NOW to find out
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