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Petrol, diesel price hike unlikely despite crude oil price surge: Moody's
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₹30,000 crore in capital support for the oil marketing sector announced in the budget earlier this year will boost cash flows for the OMCs and partially cover their capital spending needs. To this effect, IOCL and BPCL have already announced rights issues to the government.
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Oil prices surge, Brent above $91 as Israel-Hamas tensions worsen investing.com /7 months ago
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