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Market move▼ Bearish for Indian equities
Oil Woes To Worsen? Indian Crude Basket Tops $123/Barrel Amid West Asia Tensions
The brief
- Indian crude basket tops $123 per barrel amid West Asia tensions
- Higher crude costs pressure oil marketing companies, airlines and fuel-sensitive sectors
- Accumulate Petronet LNG; target of Rs 302: Prabhudas Lilladher
- Petrol, diesel prices today, September 28: How much does fuel cost in Delhi, Mumbai, Bengaluru?
- India to continue diesel exports despite possible US ban amid tightening global fuel market
- Iran-linked diesel price spike makes electric trucks cheaper than diesel in key EU markets, environmental group says
- US diesel ban: Why cheaper diesel could come with a gasoline price shock
CEA warns of external economic headwinds
Chief Economic Adviser V. Anantha Nageswaran cited unsettled US ties, higher energy prices and India’s limited AI presence as economic headwinds. He said India cannot afford to choose between competing blocs and should build buffers and partnerships.
Friday, 25 September
- Oil Woes To Worsen? Indian Crude Basket Tops $123/Barrel Amid West Asia Tensions