Retail

By Agamveer , 12 June 2026

A sharp decline in global crude oil prices triggered a strong rally across Indian equity markets on Friday, lifting shares of fuel-sensitive sectors and boosting investor confidence. Airlines, oil marketing companies, tyre manufacturers and paint producers emerged as major beneficiaries as lower energy costs improved profitability outlooks. The positive sentiment fueled a broad-based market advance, pushing benchmark indices significantly higher and reversing concerns surrounding inflationary pressures linked to elevated oil prices.

By Neha Mahajan , 12 June 2026

India's government has introduced temporary restrictions on the sale of petrol and diesel through retail fuel stations in response to an unusual surge in demand from industrial and commercial consumers. The move comes amid rising energy costs linked to geopolitical tensions in West Asia, which have widened the price gap between bulk and retail fuel channels. The new measures aim to prevent market distortions, ensure adequate fuel availability for regular consumers, and discourage resale activities.