India says fuel retailers suffering losses on petrol, diesel for sales below market rates

NEW DELHI: Indian fuel retailers are suffering a revenue loss of 100 Indian rupees ($1.06) per liter on the local sale of diesel and 20 rupees per liter on gasoline for selling the two fuels at below market rates, Sujata Sharma, joint secretary in India’s oil ministry said on Thursday.

Indian fuel retailers raise jet fuel, commercial LPG prices amid Middle East war

Indian refiners last raised fuel prices in April 2021. India has no plans to raise fuel prices as of now to shield customers, she added.