India has no plans for financial support for fuel retailers, official says (updated)
04/05/2026 11:59
Add comments NEW DELHI, May 4 (Reuters) - India has no plans to compensate state-run fuel retailers for losses from selling transport fuels below market prices, a senior petroleum ministry official said on Monday, even as companies raised prices for some industrial and bulk customers. Indian state fuel retailers have raised prices of liquefied petroleum gas for industrial customers and jet fuel sold to foreign carriers, but there has been no increase in retail prices of gasoline, gasoil, LPG or jet fuel for Indian carriers. Indian Oil Corp IOC.NS, Hindustan Petroleum Corp HPCL.NS and Bharat Petroleum Corp BPCL.NS have also raised diesel prices for bulk buyers. Sharma said bulk customers account for about 10% of overall diesel sales. The government's efforts are focused on protecting the retail customers, she added. (Reporting by Nidhi Verma, Editing by Louise Heavens) ((shanima.a@thomsonreuters.com;))
Recent news on Hindustan Petroleum
See all newsBrief: HPCL Says HRRL Begins Commercial Operations
Brief: HPCL Says CDU Restoration Work Has Been Completed And Unit Has Been Successfully Started At HRRL Refinery
Indian state fuel retailers hitting borrowing limits, says official
ADNOC sells at least 30 million barrels crude in supply boost, sources say
Indian oil marketing firms, gas companies to gain most from Gulf deal, Nomura says