₹3 per litre "happy hours discount" by private petrol retailers has seen outlets of state-run firms—Indian Oil Corp., Hindustan Petroleum Corp. and Bharat Petroleum Corp.—lose up to 50% market share at various locations, said dealers from across India, urging their companies to immediately reduce prices.
The government deregulated petrol and diesel sales in 2010, allowing private competition in domestic fuel retail and benefit consumers. Dealers of state-run IOC, BPCL and HPCL from Punjab, Bihar, Rajasthan, Madhya Pradesh, Haryana and the National Capital Region (NCR) said that this is now happening, and urged the companies to reduce fuel rates in response to their competition.
Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Mint Ahmedabad.
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Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Mint Ahmedabad.
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