PSU OMCs to not raise petrol, diesel prices even as under-recoveries surge

Sujata Sharma, Joint Secretary at the Ministry of Petroleum & Natural Gas | Photo Credit: ANI Even as oil marketing companies (OMCs)’ under-recoveries rose by around ₹26 per litre on petrol and a steep ₹81.90 per litre on diesel, the government on Friday said there are “sufficient supplies” of two key auto fuels with no plans by PSU OMCs to hike retail prices. “The government had two choices: either increase prices drastically for citizens of Bharat as all other nations have done, or bear the br...