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The Times of India
The Times of India
National
Shishir Arya | TNN

Sales curtailing new mantra for oil cos to cut losses: Dealers

NAGPUR: Amid high fuel costs pinching consumers, petroleum dealers have complained of oil marketing companies resorting to unofficial rationing in supply of diesel. Some private companies had stopped supply of diesel at their outlets for around couple of months, only to restart it on Monday.

Sources in the petroleum sector say this is an unofficial approach by companies to cut losses. The current rates fixed for diesel are far less than what it should be. Considering international prices, diesel should be at least Rs125 a litre to leave a margin for oil companies. It is being sold around Rs95 a litre at present.

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