Oil Is Warming Up But India's Inflation May Escape The Heat

business oil is warming up but india s inflation may escape the heat

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Crude oil prices may pick up as a consequence of the Iran-Israel conflict. However, state-run companies such as HPCL, BPCL and IOC are expected to absorb the hike, shielding consumers from higher petrol and diesel prices. Consequently, inflation may not pick up either.

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