Branch² Intelligence
Question Of Cutting Petrol, Diesel Prices Not Legitimate Now, Says Hardeep Puri
Key takeaway
India's oil minister says petrol/diesel price cuts are not legitimate now as OMCs recover past losses.
- Step 1India's oil minister rules out petrol/diesel price cuts, protecting OMC margins.
- Step 2OMCs sustain high marketing margins, boosting their cash flows and reducing need for government subsidies.
- Step 3Sustained high fuel prices in India increase operating costs for transport and logistics companies, including those with UK-India supply chains.
Source: IN:NDTV Profit
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