India will ask private fuel retailers to end sales rationing
Reuters Last Updated: Oct 01, 2026, 05:46:00 PM IST
Synopsis
India’s Oil Secretary Neeraj Mittal announced that private fuel retailers must not ration fuel sales. Despite rising oil prices, there have been no changes to retail diesel and gasoline prices since May. Reliance Industries and Nayara Energy have limited fuel sales to curb losses from selling below market rates. State-run retailers are reportedly losing around 50 rupees per liter on diesel sales.
ANI India will ask private fuel retailers to end sales rationing
NEW DELHI: India will ask private fuel retailers to stop rationing sales, Oil Secretary Neeraj Mittal said on Thursday.
“Nobody is allowed to cap fuel sales. We will tell them it is not acceptable,” Mittal said.
Mittal said the government had previously issued instructions to retailers on the matter and that its position remained unchanged.
Indian private refiners Reliance Industries and Nayara Energy have restricted diesel and gasoline sales at their service stations to limit losses from selling the fuels at below-market rates.
India has not revised retail diesel and gasoline prices since May despite rising oil prices.
State-run fuel retailers are losing about 50 rupees per litre on diesel sales, company officials said.
https://economictimes.indiatimes.com/industry/energy/oil-gas/india-demands-private-fuel-retailers-to-end-sales-rationing-amid-rising-oil-prices/articleshow/134618875.cms
