The country’s public and private sector oil refiners are lobbying the government to compensate them for the investments made in producing and supplying BS-VI fuel, a government mandate which will take effect from April 1.
State-owned Bharat Petroleum Corporation Ltd will introduce the product officially in the market across India from March 1, the company’s director (refineries) R Ramachandran told the media today.
BPCL invested about ₹7,000 crore to upgrade its refineries to make the better-quality product. To start with, BPCL and other refiners, will not price the product differently until the government backs their demand to charge extra for recovering their investments.
Diese Geschichte stammt aus der February 26, 2020-Ausgabe von The Hindu Business Line.
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