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OMCs may look at fuel price cut: Puri

OMCs may look at fuel price cut: Puri
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Fuel price cut reports speculative: BPCL

Bharat Petroleum Corporation Ltd (BPCL) reported an 82% rise in net profit for the December quarter. While the ongoing attacks on shipping vessels by Houthi militants in the Red Sea have not impacted flow to India. However, the freight has gone up due to rerouting via the Cape of Good Hope. Price reduction of the retail selling prices of our fuel products is speculative as the global situation remains volatile.

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