BUSINESS
India to End Temporary Petrol and Diesel Sales Restrictions from July 1
MyDigiFolio Editors
1 min read
The government is ending temporary fuel sale restrictions introduced to manage supply risks caused by global disruptions. The move restores normal purchasing rules for petrol and diesel beginning July 1.
India will remove the temporary restrictions on petrol and diesel sales starting July 1, according to a government order issued on Monday.
The measures were introduced earlier this month after the conflict in the Middle East disrupted global supply chains. As part of those temporary rules, commercial fuel buyers were not allowed to purchase petrol and diesel from retail fuel stations, while daily diesel purchases were also capped to help avoid local supply shortages.
With the restrictions set to expire, normal fuel sales will resume from July 1.
More in Business & Startups
Reuters · 2 weeks ago
Silver Lake in Talks to Acquire Workday in Potential $50 Billion-Plus Software Buyout
The potential Workday deal highlights how AI is reshaping the value of traditional enterprise software. For HR technology, the development i...
Reuters · 2 weeks ago
U.S. Producer Prices Unchanged in July, Further Dimming Rate Hike Odds
A stable inflation reading could ease pressure on businesses facing higher borrowing costs. For employers, interest-rate expectations may in...
Reuters · 2 weeks ago
U.S. Consumer Inflation Remains Mild in July as Gasoline Prices Decline
U.S. inflation remained relatively subdued in July, with lower gasoline prices helping limit the monthly increase in consumer prices. Howeve...
From MyDigiFolio
Reading about careers? Build yours.
One profile. Resume, vCard, portfolio, and email signatures — all generated in 3 minutes.
Build your page — free