Diesel deregulation to benefit consumers, says Essar Oil

The government's decision to deregulate diesel will be advantageous for consumers, Essar Oil said today.

"We welcome government's decision to deregulate diesel. This will not only help in controlling the fiscal deficit, but also be advantageous for the consumers as they will now pay market rates for the fuel which is lower by more than Rs 3 per litre," LK Gupta, MD & CEO, Essar Oil said in a statement.

Diesel deregulation will also bring the private OMC retail network into system. This will increase competition, benefiting the end consumer, Gupta said.