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State oil companies lose up to 35% bulk diesel sales - The Economic Times
State oil companies are grappling with substantial bulk diesel sales losses as numerous large customers pivot to retail pumps to evade soaring prices. This behavioral shift echoes past trends observed during the US-Iran conflict. The surge in diesel rates is fueled by global supply shortages and elevated crude prices, prompting smaller contractors and businesses to adapt by purchasing through retail channels to mitigate fuel expenditures.
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