The Centre has imposed temporary restrictions on diesel sales through retail outlets, limiting purchases and preventing resale. The move aims to curb hoarding, black marketing and diversion of fuel supplies, while PSU oil companies continue absorbing significant losses to protect consumers
The Petroleum Ministry said PSU oil companies are absorbing Rs 550 crore in daily losses by not fully passing global fuel price hikes to consumers. The government also warned against diversion of retail fuel supplies and assured adequate petrol and diesel availability nationwide
