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Fuel paradox: 6 more pvt players on cards, but price reins still with govt

Setting of retail prices, frequency with which they change and government increasing taxes when global prices are low all put a question mark on so-called market-linked pricing mechanism

Topics
Fuel prices | OMCs | fuel retail

Jyoti Mukul  |  New Delhi 

fuel prices, petrol, diesel, dealer, retailers, retail outlets
The OMCs did not change retail prices for the period covering the monsoon session of Parliament because of the strong criticism against the government for high diesel and LPG prices.

The Indian automotive fuel market is hotting up with the Union government granting permission to seven entities to retail liquid and alternative fuel. Among those is Reliance Industries Ltd (RIL) that needed the government re-approval because of a business restructuring. With this, there will be some 14 players in the domestic petroleum industry’s marketing business. Despite this, the government’s role in the pricing of fuel continues to be unclear.

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First Published: Mon, August 23 2021. 06:06 IST
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