According to India’s Oil Minister Puri, on May 12, the government is evaluating how much longer state-owned fuel retailers can sustain losses from selling diesel and gasoline below market prices. Joint Secretary Sharma disclosed that retailers currently lose approximately 100 rupees (about $1.06) per liter of diesel sold and 20 rupees per liter of gasoline. The government has no plans to compensate fuel retailers for these losses, Sharma added.
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