Private fuel retail operators such as Reliance Industries NSE 1.17 %, BP, Shell, and Rosneft-backed Nayara will have to maintain supplies at reasonable prices at all their pumps as the government has brought all retail outlets under universal service obligations.
“The government has now expanded the horizon of universal service obligations (USO) by including all retail outlets…under its ambit,” the oil ministry said in a statement. “This has been done with an objective to ensure higher level of customer services in the market and to ensure that adherence to the USO forms a part of the market discipline.”
