Submitted by Irina Slav of OilPrice.com
India has imposed limits on gasoline and diesel sales at retail fuel stations to avoid supply crunches, with commercial consumers banned from buying any fuel from retail stations, Bloomberg reported, noting there will be daily limits on diesel sales.
The diesel cap was set at 200 litres per vehicle or customer, with resale of the fuel forbidden, Reuters noted in a report on the news. Commercial users, meanwhile, will have to get their fuels from bulk sellers after their rush to retail fuel stations drained some of them. Fuels are cheaper at retail stations to shield consumers from the oil price shock.
The limits will be in effect for an initial period of 90 days, per the government order that instituted them. They can be canceled earlier, however, the document also said.
Since the war in the Middle East began and cut off over 40% of India’s crude oil flows, those that passed through the Strait of Hormuz, one of the highest-flying economies in Asia, have seen their oil import bill soar, investors fleeing the capital market, and the local currency plunging to an all-time low against the U.S. dollar.
As a result, the world's third-largest crude importer saw its wholesale inflation jump to 8.3% in April from a year earlier, significantly accelerating from 3.88% annual inflation in March, driving wholesale fuel prices higher. These surged in April, with gasoline prices up by 32.4% and diesel prices up by 25.19%. That’s up from a monthly rise of 2.5% for gasoline in March, and 3.62% for diesel. For May, inflation is seen rising by 4% as a result of the energy price surge, with wholesale inflation soaring by over 9%.
Because of the energy flow disruption, India ended a four-year freeze on fuel prices, hiking them four times in the space of a single month.
Tyler Durden Sat, 06/13/2026 - 11:40As the World Cup starts, a prolonged spell of summer heat is expected to grip New York and much of the Northeast through the end of the week and into the weekend.
Daytime temperatures are forecast to reach the 90s across several major cities, while high humidity will make conditions feel even hotter, according to Bloomberg.
Forecasters expect the most intense heat on Thursday and Friday, when heat alerts will be in place across large parts of the region. Multiple cities along the East Coast could see daily temperature records challenged or broken as the unusually warm air mass spreads across the area.
The timing coincides with the start of several FIFA World Cup matches in the Northeast, including games scheduled in New Jersey, Massachusetts, and Pennsylvania. While temperatures are expected to ease somewhat after sunset, spectators and athletes may still face hot and uncomfortable conditions during evening events.
Bloomberg writes that the heat is also expected to drive up electricity consumption as households and businesses rely more heavily on air conditioning. Transportation networks could experience disruptions as well, since extreme temperatures can affect rail infrastructure and overhead power systems, leading to slower train service.
Elsewhere, a separate weather system is creating risks across parts of the Midwest. Forecasters have warned that strong thunderstorms could bring damaging winds, large hail, isolated tornadoes, and localized power outages, potentially affecting travel and other infrastructure.
Tyler Durden Sat, 06/13/2026 - 11:05