Retail diesel prices in the United States soared past $5 a gallon, reaching a milestone seen only once before, according to GasBuddy, the fuel markets tracker. Economists warn that the surge could slow global economic activity. Diesel is essential for freight and manufacturing, and rising fuel costs are likely to push up the price of…
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State-owned oil marketing companies have started asking petrol pump dealers to make advance payments for supplies of petrol and diesel, as refiners grapple with mounting revenue losses from retail fuel sales, according to a Reuters report.Nearly 90% of India’s about 1,01,470 fuel stations are linked to public sector refiners and retailers – Indian Oil Corporation,…
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Gold opened sharply higher on Multi Commodity Exchange on Tuesday, as investors turned to safe-haven assets amid escalating tensions in the Middle East involving the US, Israel and Iran. The uncertainty has also kept oil prices above the $100-per-barrel mark. On the MCX, April 2026 gold futures rose Rs 1,260, or 1%, reaching Rs 1,56,996…
