New Delhi: Mukesh Ambani-led Reliance Industries (RIL) will start selling diesel at its 1400 plus petrol pumps across the country by October.
Diesel will be sold at the market price, without any subsidy. RIL and Essar Oil jointly run the petrol-retail operations.
RIL after having cornered about 14 percent of diesel sales within a couple of years of getting into petro-retailing had to close down its pumps in 2008. This was due to the differential with the diesel prices of state-owned oil marketing companies (OMCs) and private retailers.
Meanwhile, on Saturday petrol prices were cut and diesel prices were hiked by 50 paise per litre.
Diesel now costs Rs 58.97 per litre in Delhi from Sunday as compared to Rs 58.40 earlier.
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