... the Government has decided that the pricing of Petrol and Diesel both at the refinery gate and the retail level will be market-determined.
Ministry
This decision coincides with the government's announcement of increasing fuel prices - Petrol +3.5/litre, Diesel +2/litre, Kerosene +3/litre and LPG +35/cylinder.
EGoM has approved the request of the Ministry of Petroleum and Natural Gas after considering it for a long time. In wake of the rampant crude price hike in the international market, the Oil Marketing Companies have under-recovered to the tune of 53000 crores.
