Saudi crude discount unlikely to cut India's petrol, diesel prices
Saudi Arabia's deep crude discount for Asian buyers is unlikely to lower petrol and diesel prices at Indian pumps, reports say. Saudi Aramco set its November Official Selling Price for Arab Light crude at $5 a barrel below the Oman/Dubai benchmark, the widest discount in over six years. The cut mainly offsets elevated ocean freight costs, while Brent crude stays above $100 a barrel, Reuters and other reports said. Oil marketing companies are prioritising margin recovery.