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Why global diesel prices are rising and Indian retailers are limiting sales
The brief
- Global diesel supply is squeezed by disruptions to Gulf and Russian supplies
- Industrial buyers in India are turning to petrol pumps
- Diesel shortages and pricing pressure expose Indian fuel retailers and oil marketing companies
- Russia oil tariff and India’s leverage gap
- India has more than 80 days fuel reserves: Hardeep Singh Puri
- Putin further restricts disclosures about Russian energy and refining
- Indian refiners buy costly West Asian barrels as Russian supply narrows
- Russia remains India's top crude supplier in September amid supply squeeze
Private fuel retailers limit diesel sales
Jio-BP and Nayara capped diesel sales at select pumps as crude prices rose and supplies came under pressure. Industrial and bulk buyers have shifted to cheaper retail fuel, while global diesel supply is squeezed by disruptions to Gulf and Russian supplies.
Tuesday, 29 September
- Why global diesel prices are rising and Indian retailers are limiting sales