Fuel shortage seen needing govt intervention

2022-06-22 13:19:59 Exim News

As reports of fuel shortages start coming in from areas like Tamil Nadu, Chattisgarh, Odisha, Kashmir and other states, the Federation of Indian Petroleum Industry (FIPI) has urged the government to intervene in the matter.

 

In its letter to the Oil Ministry, it said that selling petrol at a loss of Rs 14-18 per litre and diesel at Rs 20-25 per litre below soaring crude oil market prices is unsustainable.

 

The industry body has sought government intervention to create a viable investment environment. It pointed out that the loss was unsustainable amid a price freeze announced by the government.

 

 The huge loss is forcing a cut in supply, which is resulting in a dry run in states, said a report.

 

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