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Market move▼ Bearish for Indian equities
Bulk diesel price up Rs 14.6/litre as crude surge squeezes oil cos' margins
The brief
- Bulk diesel prices rose ₹14.6 per litre as crude increases squeezed oil-company margins
- Nayara raised petrol by ₹5 per litre and diesel by ₹3
- Higher crude costs pressure refiners and fuel-sensitive sectors; retail price hikes may partly offset margins
- Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding
- Nayara raises petrol by ₹5 and diesel by ₹3 per litre
- Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reports
- Nayara says fuel supplies continue across 7,000-plus outlets
- Nobody is allowed to cap fuel sales: Petroleum Secretary
Petrol, Diesel Prices On October 3: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
Saturday, 3 October
- Bulk diesel price up Rs 14.6/litre as crude surge squeezes oil cos' margins