Fuel dealers claim they are under pressure to curb sales, caution state-run OMCs against supply cuts
Mumbai: Dealers of retail outlets of state-run oil marketing companies (OMCs) have requested Indian Oil Corporation NSE 0.30 %, Bharat Petroleum Corporation (BPCL NSE -1.02 %) and Hindustan Petroleum Corporation NSE -2.11 % (HPCL NSE -2.11 %) not to curtail fuel supply for retail sales to curb their losses.
In a letter addressed to oil industry coordinator, which is BPCL, Consortium of Indian Petroleum Dealers, an association of fuel retail dealers, claimed they are under pressure to keep petrol and diesel sales under control and said it is afraid the situation may lead to fuel shortage at retail outlets and cause law and order problems.
