Oil Ministry: No Decision Yet on Capping Refinery Prices
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Oil Ministry: No Decision Yet on Capping Refinery Prices Amid Energy Risks
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Moneycontrol•17-03-2026, 08:53
Oil Ministry: No Decision Yet on Capping Refinery Prices Amid Energy Risks
•Petroleum ministry joint secretary Sujata Sharma denied reports of capping refinery prices, stating "No such decision has been taken at all."
•The Centre has not decided to cap the refinery transfer price (RTP), which is the internal rate refineries charge their marketing arms.
•Despite surging Indian refining margins, retail pump prices remain frozen, causing significant marketing losses for OMCs like Indian Oil, BPCL, and HPCL.
•Sharma confirmed sufficient crude availability, refineries operating at peak capacity, and normal petrol pump operations.
•The Centre urged consumers with both PNG and LPG connections to surrender LPG, with city gas companies offering incentives for new PNG users.
