How do you fix price, what's the logic behind retail and bulk rates difference, HC asks oil firms - Economic Times

Regarding price fixation, the companies said that several parameters, like global crude prices, expected future crude prices, local taxes, transportation costs, were considered while fixing the rates which were slightly different for each OMC.

The Kerala High Court on Tuesday asked the state-run oil marketing companies (OMCs) what was the reason for a difference in the retail and bulk purchase rates of fuel supplied by them and what was th… [+4633 chars]

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