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Russian oil trade: Discounts soften impact of losing sanctioned barrels; Indian refiners ramp up non-sanctioned crude

US sanctions on Rosneft and Lukoil are having a softer financial impact on Indian refiners than initially feared, with wider discounts on Russian crude nearly offsetting the expected drop in volumes. Indian state-owned and private refiners have halted cargoes from the two sanctioned firms and are instead sourcing from non-sanctioned suppliers. Recent tenders for January…

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Retail relief ahead: Bank of Baroda report sees CPI easing to 3.1% in FY26; GST cuts to soften prices further

Representative image (Picture credit: ANI) Prices of daily essentials may ease further in the coming months as recent cuts in GST begin to reflect in actual numbers, Bank of Baroda (BoB) said in its latest report. According to news agency ANI, the bank projects retail inflation, measured by the Consumer Price Index (CPI), to average…

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