Reducing losses: Nayara Energy set to ration diesel, compensate dealers

Rosneft-owned Nayara Energy has asked its dealers to ration sale of diesel to reduce per litre losses on the fuel.

Till last week, oil companies said they were losing ₹25-28 per litre on sale of diesel and ₹8-10 on petrol.

In a letter to dealers, which ET has reviewed, Nayara Energy said it will waive penalty levied for not meeting the fuel sales target.