Policy● Neutral for Indian equities
Trump poised to ease red diesel limits in attempt to quell fuel inflation
The brief
- Trump is expected to ease US limits on red diesel
- 325 million oil barrels released to counter global energy crisis: IEA
- 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
- 100M oil barrels to hit markets: G7 makes big move after Trump’s diesel export ban threat