The brokerage warned that the recent rally in crude oil prices and refining margins is creating conditions reminiscent of the disruptions witnessed during the 2022 oil market shock.
The PM emphasised that this state-of-the-art facility adds momentum to the nation’s efforts to boost energy independence, aligning with the vision of Aatmanirbhar Bharat.
It will help the three OMCs, namely Indian Oil, Bharat Petroleum, and Hindustan Petroleum, to recover the expenses borne by them for selling domestic LPG or cooking gas between June 2020 and June 2022.
In the preliminary inquiry, names of two of their other associates have also been revealed which would be arrested soon.
The private sector on the other hand remained mute on their marketing initiatives adding a mere 376 fuel outlets.
