NEW DELHI, May 4 (Reuters) – India has no proposal to provide financial support to state-run fuel retailers for the losses they incur on sales of gasoline, gasoil and jet fuel at below market rates, Sujata Sharma, a joint secretary in the federal Petroleum ministry, said on Monday.
Indian state fuel retailers have raised prices for liquefied petroleum gas for industrial customers and jet fuel rates for foreign carriers. There has been no increase in retail prices of gasoline, gasoil, LPG or jet fuel for Indian carriers.
