Hassett: Fuel prices 'still higher than we would like’
National Economic Council Director Kevin Hassett on Sunday expressed concern about continued high fuel prices amid the ongoing conflict with Iran. “Now, prices are still higher than we would like, but we've taken a lot of steps so that when the Gulf situation is resolved, then we can expect prices to go way, way down...
Petrol and diesel prices across major Indian cities - Delhi, Gurugram, and Jaipur - remained largely unchanged on 9 August, despite Brent crude oil prices falling 1.3% to $83.55 a barrel. This stability in fuel rates is due to the fact that state-run Oil Marketing Companies (OMCs) continue to set prices based on the last major revision on 25 May, insulating Indian consumers from market fluctuations.
Iran has set new terms to end its five-month war with the US, demanding that Washington lift its naval blockade of Iranian ports, withdraw its military from the region, compensate Iran for war damage, lift sanctions, and release frozen assets. The US must also stop aggression against Iran and its allies, according to Iran's Supreme National Security Council.
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