Call it election time rationing or return of the administered price mechanism regime, but the retail price of petrol may not cross the Rs 75 a litre-mark in Delhi, at least till the end of polling on May 19.
Official sources said that public sector oil marketing companies (OMCs) have been told in no uncertain terms to keep a check on the rising price transport fuels – petrol and diesel – even though rise in global oil prices and India’s daily pricing mechanism makes it impossible to control price rise.
OMCs have not been issued any written order on petrol prices, but the government being its largest shareholder has exercised Read More
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