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India dials oil producers to raise output as Brent tops $90 a barrel

The high prices mean pressure on OMCs to raise domestic auto fuel prices, a move that has been kept in abeyance in light of looming assembly elections in five states

(Photo: Bloomberg)
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(Photo: Bloomberg)

Twesh Mishra New Delhi
India is back on the diplomatic table pushing oil producing countries to raise production in a bid to cool down runaway oil prices. Brent crude oil prices traded above $90 a barrel, on Thursday, for the first time since 2014. Brent is the most popular marker for crude oil trade. It is used as a benchmark for two-thirds of the world's internationally traded crude oil.

The high prices mean pressure on oil marketing companies to raise domestic auto fuel prices, a move that has been kept in abeyance in light of looming assembly elections in five states.

Earlier this week,

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First Published: Jan 27 2022 | 6:37 PM IST

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