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India Halts Diesel Sales Amidst Supply Crisis
12 Jun
Summary
- India imposed a 90-day restriction on diesel sales.
- State-owned fuel retailers are struggling with demand.
- The Middle East conflict is impacting crude oil supplies.
India has enacted a 90-day restriction on diesel sales, a significant measure taken by state-owned fuel retailers struggling to meet demand. This rare move comes as the ongoing conflict in the Middle East continues to disrupt crude oil supplies globally.
The restrictions underscore the immense pressure on India's fuel distribution network. Government-owned marketing companies have faced weeks of escalating losses, making it difficult to sustain operations under current market conditions. The situation points to a critical juncture in managing energy resources amidst international instability.
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