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2026-04-07 12:21:40
[Citigroup: Indian Refiners May Selectively Raise Fuel Prices After State Elections] 1. Citigroup analyst Saurabh Handa noted in a report that Indian refiners may selectively raise fuel prices, particularly for aviation turbine fuel and diesel, after the elections in five Indian states at the end of this month. 2. The report stated that retail fuel consumers have largely been shielded from the price increases caused by the Middle East crisis, with domestic oil marketing companies and refiners bearing the costs. Domestic cooking gas prices were already slightly increased by 7% in early March. 3. The analyst predicts that oil marketing companies' losses will widen to 400 rupees per bottle after Saudi oil product prices rise in April. This may prompt refiners to adjust prices after the elections.
