The record
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- Retail fuel prices across India remain unchanged following daily revisions by state-run oil marketing companies.
- Dealers are currently lobbying the government to exempt fuel stations from a proposed five rupee merchant discount rate on UPI transactions exceeding two thousand rupees.
- Meanwhile, global oil prices have experienced volatility due to geopolitical tensions in the Middle East.
What to watch next
- Government decision on the proposed UPI merchant discount rate exemption for fuel stations.
- Impact of rising global crude prices on future domestic fuel rate adjustments.
- Potential disruption of UPI payment services at fuel stations if the fee is implemented.
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Named India · Saudi Arabia · Iran · United States · Israel · Ministry of Finance · Ministry of Petroleum · Strait of Hormuz · Revolutionary Guard Corps
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