State-run oil firms to pay discounted refinery rates as fuel prices stay frozen despite crude surge

In a first since fuel price deregulation, state-run oil marketing companies (OMCs) have moved to pay discounted rates to refineries for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses arising from a self-imposed freeze on retail fuel prices, sources told PTI.OMCs on March 26 fixed rates for petroleum products at discounts…

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Binance co-founder CZ echoes Consensus panelists on lack of privacy blocking crypto adoption

Binance co-founder Changpeng “CZ” Zhao warns crypto’s lack of privacy blocks everyday adoption, echoing CoinDesk Consensus Hong Kong panelists who called it a barrier to widespread institutional use. Blockchain’s total transparency gets hyped as the ultimate democratization middle finger to shady banks and Wall Street fat cats operating in the dark. But here’s the catch:…

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