Only branded, costlier fuel in metros?
According to an article in ET, all the state owned oil corporations are going to stop selling the normal petrol/diesel and will sell only the more costlier branded fuels in the metros of Delhi, Mumbai, Chennai, Kolkata and Bangalore.
This is a clear example of monopolistic trade practice. All manufacturers have recommended the use of normal fuel and advice users not to use the branded fuels. Has the governement talked to these auto manufacturers? Looks like NO.
This may also lead to a scenario where people will visit fuel pumps outside the metro borders with large drums and bring in normal fuel and selling it off in metros at a higher price (but lesser than the branded fuel price).
This a sad move and they are literally trying to force customer’s to pay a premium.
On the contrary, if you look at the opposite side, the oil companies are in a big mess right now with all the under recoveries. Sooner than later, it is common man who is going to suffer with higher government deficits and increased future credit squeezes if costs are not passed through to the consumers.
Making premium fuel mandatory would atleast reduce some pollution and offset some of the losses of the oil companies.
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