Branch² Intelligence
Petrol, Diesel Prices On July 20: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
Key takeaway
Brent crude surged past $90/bbl after US-Iran ceasefire collapsed, threatening Strait of Hormuz oil flows.
- Step 1US-Iran ceasefire collapse raises geopolitical risk premium in oil markets.
- Step 2Brent crude rises above $90/bbl on fears of Strait of Hormuz disruption.
- Step 3Indian fuel retailers pass on higher crude costs to domestic petrol/diesel prices.
- Step 4Indian SMEs face higher logistics and input costs, compressing margins.
Source: IN:NDTV Profit
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