India's Reliance Boosts Diesel Exports Amid Global Supply Crunch

Reliance loaded 4-5 million barrels of diesel for Europe from its Jamnagar site, returning to pre-US-Iran war levels and marking a 10-month high, as European diesel profit margins hit a record $74 a barrel. This surge comes amid Europe's lowest stockpiles since 2014 and Russia's export ban following drone attacks. Sustained high global fuel prices could contribute to inflationary pressures, potentially supporting gold as an inflation hedge and impacting Pakistan's import bill and the USD/PKR rate.

بحوالہ / Source: www.brecorder.com