[ad_1]
New Delhi. Nayara Energy, the country’s largest private fuel retailer, has started selling petrol and diesel at Re 1 less than state-owned oil marketing companies.
Reliance Industries Limited and its UK partner BP Plc are already selling fuel at a lower price than PSU companies. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) have Despite the fall in international crude oil prices, the domestic market has not cut.
Private fuel retailers, on the other hand, are passing on the benefits of this decline to consumers. A Nayara Energy spokesperson said, “To boost domestic consumption and better serve local customers, we plan to close our retail sales by the end of June 2023. Re 1 discount at centers.” He further added, “We believe in being a strong partner for India’s energy needs and will continue to meet the country’s demand.”
Nayara Energy has a share of over seven percent of India’s 86,925 petrol pumps. The company is selling petrol and diesel at Re 1 per liter less than IOC, BPCL and HPCL in 10 states like Maharashtra and Rajasthan.
Pc:IndiaTheNews
[ad_2]
Source link
