The companies began restricting supplies to minimize losses as crude oil prices climbed to approximately $108 a barrel and domestic retail pump prices remained stagnant since May. While private refiners are legally permitted to determine their own rates, they typically align their pricing with state-owned companies, which set rates in consultation with the government.
Tuesday, October 20, 2026
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India Oil Secretary Rejects Private Fuel Rationing by Reliance and Nayara
Commodities20 days ago
Reliance Industries and Nayara Energy have come under official scrutiny for limiting the volume of diesel and gasoline available to customers at their stations. The oil secretary of India has declared the rationing of fuel sales to be an unacceptable practice, signaling that the federal government will not tolerate supply restrictions by the country's top private retailers.
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