New Delhi, June 29 (IANS) The Centre on Monday decided to withdraw temporary restrictions on the retail sale of petrol and diesel to commercial consumers from July 1, restoring normal fuel purchases for industrial, institutional and transport sector users after a brief period of curbs aimed at safeguarding domestic fuel supplies.According to a government order, commercial buyers will once again be allowed to purchase petrol and diesel from retail fuel stations without quantity restrictions.The m…
Latest Diesel Sales News & Updates
New Delhi, June 29 (IANS) State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday announced that it will acquire a 40 per cent stake in Tiki Tar and Shell India Pvt Ltd (TTSIPL) for Rs 85 crore to strengthen its presence in the rapidly growing value-added bitumen (VAB) market.The strategic investment is aimed at accelerating BPCL’s expansion in India’s infrastructure sector, where demand for specialised bitumen products is expected to grow alongside road and airport construction, the PSU f…
New Delhi, June 12 (IANS) The government on Friday introduced temporary restrictions on diesel sales through retail outlets to curb hoarding and black marketing, as public sector oil marketing companies (OMCs) continue to absorb losses of around Rs 500 crore per day to shield consumers from global fuel price volatility.The Ministry of Petroleum and Natural Gas said that the ‘Motor Spirit and High-Speed Diesel (Temporary Regulation of Supply through Retail Outlets) Order, 2026′ introduces tempo…