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Oil Retailers’ Troubles Return With Election Season
Automotive fuel prices have remained unchanged since the start of this month, ahead of crucial assembly elections to four states.
25 Mar 2021, 06:24 AM IST
Automotive fuel prices have remained unchanged for 22 days this month, ahead of crucial assembly elections in four states. That’s expected to squeeze the margins of India’s oil marketers.On March 24, prices of petrol and diesel were cut by 18 paise and 17 a litre, respectively, tracking a fall in India basket of crude. According to Bloomberg data, the two fuels retail at Rs 90.99 and Rs 81.3 a litre—still hovering near record highs.“...
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