... cessation of cheap Russian oil without incurring economic losses will be challenging. In confirmation of this, India's state bank has estimated that a complete cessation of oil imports from Russia would cost the country approximately $9 billion in the ... ... market. Therefore, authorities and market participants must balance between restraining prices for consumers and maintaining the profitability of the fuel business. Wholesale prices for oil products continue to set new highs: exchange quotations for AI-95 ...

... ban beyond August 31 if there is no significant stabilization in wholesale and retail segments. "Amid declining refining profits, exchange prices are likely to remain around current levels, regardless of whether the export ban is extended," said ... ... generally supplied with gasoline and diesel without interruptions. Prospects: What to Watch for Monetary Policy: Further central bank decisions (primarily by the U.S. Federal Reserve) on interest rates and the dynamics of the dollar may reflect on borrowing ...

... stake in this key Asian segment. For New Delhi, such a concession is quite significant: according to calculations by the State Bank of India, a complete withdrawal from Russian imports would cost the economy about $9 billion in the current financial year ... ... participants need to find a delicate compromise between the necessity to hold down prices for consumers and maintaining the profitability of oil companies. The outcomes of the upcoming meeting will determine future policy: it is expected that a combination ...

... materials in China is growing more cautiously than anticipated, and the U.S. has seen moderate job growth. However, central banks are softening their rhetoric: the U.S. Federal Reserve held the rate steady at its July 30 meeting, indicating that the ... ... petroleum product trading has increased; the government is utilizing the damping mechanism more actively—it limits excess profits from fuel exports. If the alternative export price significantly exceeds the baseline indicative price, budget payments ...