India to ask private fuel retailers to stop rationing sales

Reuters, published by The Economic Times, reports that India’s Oil Secretary Neeraj Mittal said on October 1 the government would tell private retailers to stop capping fuel sales, reiterating earlier instructions. Reliance Industries and Nayara Energy have restricted diesel and gasoline sales to limit losses from selling below market rates. India has not revised retail prices for either fuel since May, despite rising oil prices.