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Private fuel sellers' price cut starts to bite PSU pumps
Hindustan Times Lucknow
|January 29, 2025
Private fuel retailers are cutting prices and eating into the market share of their public sector peers, passing on the benefit of cheaper Russian crude oil to their customers.
NEW DELHI: While government-owned oil marketing companies (OMCs) that dominate fuel retailing in India have not touched prices since March 2024, Jio-BP and Nayara, which together control 97% of private fuel retail, have cut prices by as much as ₹5 in some regions.
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