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Monday, 6 October 2008

Reliance Industries seeks sops to sell fuel in India

NEW DELHI: Reliance Industries Ltd (RIL) is ready to sell diesel again if the government extends subsidies to private players as it does for state-run oil retailers, a top company official said here on Friday.

The company, India`s largest in the private sector, has also sought the removal of extra taxes on transporting fuels to be able to remain competitive vis-a-vis prices of imported fuel.

In an address at an industry conference, RIL president (refineries business) P. Raghavendran said the company was forced to be get out of the domestic market after it was denied a level-playing field with public sector oil marketing companies.

Courtesy:Economic Times


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