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Policy● Neutral for Indian equities
India will ask private fuel retailers to end sales rationing
The brief
- Oil Secretary Neeraj Mittal said private fuel retailers must not ration fuel sales
- Affects fuel availability and pricing for Indian consumers, oil retailers and refiners
- AI on bad data is a faster way off a cliff, warns Elastic CEO Ash Kulkarni
- Fed's Kashkari says inflation is 'still too high' even after softer-than-expected PCE data
Private fuel retailers’ sales rationing
Jio-BP and Nayara capped diesel sales at select pumps as crude prices surged and squeezed margins; industrial buyers shifted to retail outlets amid global diesel supply disruptions. On 1 October, Petroleum Minister Hardeep Singh Puri said prices may ease as Brent fell to $95, while officials said private retailers should not ration sales.
Thursday, 1 October
- India will ask private fuel retailers to end sales rationing