business / news / / Hindustan Times
The country’s largest private-sector oil refiner is restricting individual purchases to 1,.
Reliance Industries has capped fuel purchases at its Jio-BP stations to 1,000 rupees per visit.
KEY POINTS
- This is the first instance of an Indian fuel retailer rationing supply instead of only raising prices.
- Reliance has not issued a formal directive, but pump operators are enforcing the cap to prevent shortages.
- State-run fuel companies have not officially imposed limits, but similar caps are reported anecdotally.
- Fuel retailers are currently selling gasoline and diesel at significant losses due to government intervention.
COMPANIES
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