Jio-BP, Nayara Energy Impose Limits On Diesel Purchases, PSUs To Follow As Industrial Buyers Shift to Cheaper Retail Fuel

“So Jio-bp outlets have reportedly capped diesel purchases at 50 litres per customer per day, while Nayara Energy’s transaction limits at outlets range from 70 litres to 200 litres. We expect state-owned leading fuel retailers like Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) too are likely to impose quantity restrictions soon,” the...