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Oil below $80 may cap fuel price hikes, boost India outlook
Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting improved inflation and growth. Lower oil costs will also help narrow the current account deficit. While wholesale inflation may react quickly, retail inflation depends on oil marketing companies' decisions.
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economictimes.indiatimes.com
Petrol, Diesel prices remain unchanged despite 4% drop in crude oil after Iran-US peace deal
Despite a sharp fall in global crude oil prices to below $84 per barrel following Iran-US negotiation reports, fuel prices in India remained unchanged on June 15, 2026. State-run…
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theprint.in
US-Iran deal poses inflation risk if Chinese oil demand recovers
If it holds, the agreement will have widespread implications for China’s economy, which has depended on exports to drive growth.
