Policy● Neutral for Indian equities
$6.50 Diesel Shock: Trump Moves To Expand Tax Exempt Fuel
The brief
- Trump is considering wider access to red-dyed diesel and coordination with states on road-diesel tax waivers
- 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