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India’s Fuel Prices Seen Rising Despite Falling Demand
State-run oil firms, after a pause of 65 days have started increasing prices of petrol and diesel to recover losses.
08 May 2021, 10:24 AM IST
Saudi Arabia has cut prices of crude for India, along with other Asian countries, as the second wave of the pandemic prompted local curbs, causing the demand to fall. But that won’t help consumers and oil retailers.State-run oil firms, after a pause of 65 days during the state elections, have started increasing prices of petrol and diesel to recover losses on marketing margins.That’s despite consumption of transport fuels falling to ...
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