Latest Fuel Price Volatility News & Updates

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…