Fuel price cut at pvt outlets worry state-run retailers
Private petrol retailers' ₹3/litre discount is causing state- run firms to lose up to 50% market share, prompting calls for price cuts from dealers. A *trol pump Iceted on MG road near Iffco (HT Photo) A per litre "happy hours discount" by private petrol retailers has seen outlets of State-run firms Indian Oil Corp„ Hindustan Petroleum Corp. and Bharat Petroleum Corp. losing up to 50% market share at various locations, said dealers from across India urging their companies to immediately reduce prices.
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