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16.10.26 - 18:06
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Middle east war hits Indian fuel retailers: OMCs losing up to Rs 30 per litre, says report (Times of India)
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Indian oil marketing firms are grappling with significant losses, facing Rs 26 loss per litre for petrol and Rs 30 for diesel. The turmoil in West Asia has led to skyrocketing procurement and freight costs, rising eightfold, which heavily influences overall expenditures. Compounded by interruptions in crude shipments from the Middle East, these conditions create ongoing financial strain, even as refining margins stay strong....
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16.10.26 - 10:55
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IMF Warns On Energy Risks: Middle East conflict could stoke India inflation; growth, fisc at risk (Times of India)
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India could face inflationary pressures if the Middle East conflict results in sustained high energy prices. The International Monetary Fund warns that prolonged energy price increases could slow economic growth, raise living costs, and worsen fiscal balances. Governments may find it harder to provide support to vulnerable populations without straining finances. The IMF emphasizes targeted assistance measures over broad subsidies to alleviate costs effectively....
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