A year after the start of the Russia-Ukraine war, India’s fuel retailers are still shouldering the impact of high oil prices. While state-run retailers have been compensated by the government for not raising pump prices, private fuel retailers are incurring under-recoveries. Nitin Prasad, chairman of Shell Companies in India, tells Kalpana Pathak that despite challenges, the company will continue to operate its fuel stations and expand operations. Edited excerpts:
