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Policy● Neutral for Reliance Industries
Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reports
The brief
- Oil secretary Neeraj Mittal said restricting fuel sales at pumps is unacceptable
- The warning affects fuel-sales decisions at Reliance Industries and Nayara Energy
- Govt warns private fuel retailers over sales caps
- 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
Diesel sales caps at private fuel retailers
Jio-BP and Nayara capped diesel sales at some outlets as crude prices and demand from industrial buyers strained supplies. Government officials said fuel retailers must not restrict sales, and Nayara said supplies continued across its more than 7,000 outlets.
Friday, 2 October
- Govt warns Nayara, RIL-BP against fuel sales caps amid diesel curb reports