Market move● Neutral for Indian equities
Petrol, diesel prices today (October 4): Check latest rates in Delhi, Mumbai, Chennai, Kolkata & more
The brief
- City-specific taxes cause retail fuel prices to vary, even within the same state
- Fuel taxes affect household costs and inflation; oil-marketing companies are exposed
- Bulk diesel price up Rs 14.6/litre as crude surge squeezes oil cos' margins
- Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding
- Nayara raises petrol by ₹5 and diesel by ₹3 per litre
- Petrol, Diesel Prices On October 3: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
- Oil shock bypasses petrol pumps, hits Indian businesses through raw-material costs