Menu Close

Oil Retailing: Reliance seeks level playing field

Reliance Industries, which is on the verge of being forced out of fuel retailing business due to heavy losses, has asked the government to provide a level playing field to private and public sector firms and evolve a transparent system of pricing. Reliance, the largest private fuel retailer with over 1,250 petrol stations, was losing Rs 3.37 per litre on petrol and Rs 5.77 a litre on diesel despite pricing the auto fuels about Rs 2.50 a litre higher than the price charged by PSU firms, Ashok Dhar, vice president (petroleum business) of Reliance Industries, said. Click here for more details