Reliance sells diesel at a cheaper rate than state fuel retailers: Dealers
NEW DELHI (Reuters) – India’s Reliance Industries Ltd, operator of the world’s biggest refining complex, is selling diesel at a cheaper rate than state fuel retailers, several petrol pump dealers said on Tuesday, helping boost local sale of its fuel.
The retail fuel joint venture of Reliance and BP is selling diesel at about 1 rupee a litre lower than that of state-run Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum, at least six dealers who operate fuel stations under the Jio-BP brand said.
For at least the past year, Reliance was selling diesel at a higher rate than state-owned companies that have been selling fuel at below market rates.
