Tag: IOC

NEW DELHI: State-run fuel retailers are likely to bear the cross for saving consumers from the impact of benchmark oil prices rising to their highest in 10 months. But at $95 a barrel, crude is bound to delay possible cuts in interest rates and test the government's management of inflation in the run-up to elections in politically important states and national polls next year.Rising fear of supply deficit has led oil prices to shed the inertia seen in the first half after Saudi Arabia and Russia extended voluntary...