Oilcos to pump premium diesel to cos
HOSPITALS, hotels, malls, cinema halls and other commercial establishments will not be able to avail subsidised diesel anymore. They have to buy costlier premium (or branded) diesel. Public sector oil companies IOC, BPCL and HPCL plan to stop supply of subsidised diesel to commercial establishments. Retail price of branded diesel, which is currently about Rs 2.25/litre higher than normal diesel, is not regulated by the government and its price could be substantially raised, depending on the demand.