Cabinet raises allocation of domestic consumption of diesel to 40,000 metric tons
The Cabinet recently approved a raise of the allocation of domestic consumption of diesel fuel in the local market by 40,000 metric tons to help alleviate the current diesel crisis in the domestic market.
Prices of petrol and diesel have been raised for the first time in 20 months to ease losses at state-run retailers squeezed by a surge in crude oil prices while having to sell fuels cheaply, Oil Minister Murli Deora said on Thursday.