The government's move to impose a cess on exports of diesel, petrol and aviation turbine fuel (ATF) on 1st July will provide regular fuel supply to private fuel retailers. Private fuel retailers like Jio-BP and Nayara Energy, are likely to meet their fuel demand due to the monsoon and the retail price differential between public sector units and private pump prices.&nbsp; Nayara Energy said it is diverting export volumes towards meeting the domestic demands of its customers even before 1st July. The company has been absorbing a significant part of the substantial drop in margins since January 2022 and has taken a nominal price increase across its retail outlets.

Private fuel retailers like Jio-BP and Nayara Energy, are likely to meet their fuel demand due to the monsoon and the retail price.