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Market move● Neutral for Indian equities
Average UK diesel price set to reach £2 per litre within days
The brief
- UK average diesel prices are predicted to reach £2 per litre within days
- The forecast cites a US export threat and disruption to Middle Eastern and Russian supplies
- Higher fuel costs could pressure Indian oil marketing companies and transport-intensive businesses if crude prices rise
- Why global diesel prices are rising and Indian retailers are limiting sales
- Cheaper at pumps, costlier in bulk: Jio-bp, Nayara cap diesel sales; PSUs may follow: Report
- Trump weighs US diesel export ban as global supply crunch worsens
- How a U.S. diesel export ban would play out, according to Goldman Sachs
- How Trump’s diesel ban threat is making US exports more profitable