A ₹3 per litre “happy hours discount” by private petrol retailers has seen outlets of State-run firms -- Indian Oil Corp., Hindustan Petroleum Corp. and Bharat Petroleum Corp. -- losing up to 50% market share at various locations, said dealers from across India urging their companies to immediately reduce prices. We are losing between 25% to 50% of our daily …
Motorists are to be told where they can buy the cheapest petrol under Government plans to crackdown on service station profiteering. Ministers believe the transparency provided by a “pumpwatch” online service could also drive down prices - as well as expose any potential profiteering. Government sources acknowledged it will be tricky because the nature of the business means retailers buy …
Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices would be reduced if State-owned oil companies recouped past losses. State-owned Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited have for the past 15 months, not revised petrol and diesel prices in line with the cost. The three fuel retailers have not changed petrol and diesel …
Auto fuel rates continued to surge unabated for the sixteenth time in May as state-run retailers hiked petrol prices by 29 paise per litre and diesel by 26 paise a litre on Monday. Pump prices of petrol and diesel in Delhi on Monday also made a new record of ₹94.23 per litre and ₹85.15 a litre, respectively. Indian fuel retailers …