Nobody is allowed to cap fuel sales: Petroleum Secretary
AI Summary
The government's intervention to prevent oil marketing companies from capping fuel sales highlights its commitment to maintaining a stable supply of diesel amidst rising demand from bulk users. For retail investors, this could signal a potential increase in competition among fuel retailers, as the government seeks to ensure equitable access to fuel. Additionally, with crude oil prices easing, investors might want to monitor how this affects the profitability of OMCs and the broader energy sector in India, particularly as retail prices remain unchanged despite global volatility.
Petroleum Secretary Neeraj Mittal said on Thursday that the oil marketing companies (OMCs) are not allowed to cap fuel sales and that the government will convey the same to the companies.
The government’s response comes amidst reports of private retailers such as Jio-bp and Nayara Energy capping diesel sales. While Jio-bp is understood to have capped sales at 50 litres of diesel per transaction per day, Nayara has reportedly restricted sales in the range of 70-200 litres per transaction per day.
Original Article
Published on Hindu BusinessLine
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This is a economy news update from Hindu BusinessLine, published on 01 October 2026.
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