India kept petrol and diesel prices unchanged despite rising global crude after tensions near the Strait of Hormuz, while countries like UAE and United States saw sharp hikes, with oil firms absorbing losses to shield consumers
India’s oil marketing firms like Indian Oil Corporation will pay discounted prices to refineries to offset fuel price freeze losses, shifting the burden onto standalone refiners amid rising crude costs and widening under-recoveries across petrol, diesel and ATF
Gold and silver prices rose on MCX ahead of the US Federal Reserve policy meeting, supported by cautious sentiment and geopolitical tensions. Despite gains, both metals remain in a consolidation phase after recent highs, with investors closely watching inflation signals and interest rate outlook
