Reducing losses: Nayara Energy set to ration diesel, compensate dealers

Rosneft owned Nayara Energy has asked its dealers to ration sale of diesel to reduce per litre losses on the fuel. Till last week, oil companies said they were losing Rs. 25-28 per litre on sale of diesel and Rs. 8-10 per litre on petrol.

Nayara Energy said it shall continue to provide unrestricted supply of both products (petrol and diesel) while giving choice on servicing the HSD (diesel) demand. The company intends to incentivize any drop in HSD volume due to above choice. These contours will be applicable upto 31st July, 2022 and will help plan diesel sale efficiently.