India's State Fuel Retailers Face 100 Rupees Loss Per Liter of Diesel on May 12, Minister Assesses Viability

According to India's Oil Minister Puri, on May 12, the government is evaluating how much longer state-owned fuel retailers can sustain losses from selling diesel and gasoline below market prices. Joint Secretary Sharma disclosed that retailers currently lose approximately 100 rupees (about $1.06) per liter of diesel sold and 20 rupees per liter of gasoline. The government has no plans to compensate fuel retailers for these losses, Sharma added.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments