Bulk diesel price hike forces RTCs to reform
It is clear that the Centre’s decision to allow state-run oil marketing companies to sell diesel to bulk consumers at market prices (that cover the OMCs’ costs and mark-ups) has caught most RTC managements off-guard.
Following the decision, RTCs have approached the state governments for succour and the pleas have been heeded: In some cases, maybe, for the good as the response could be in the form of waking up these entities to market realities, but in most cases, with the likely consequence of an exacerbation of their finances and operational standards.
For Congress-run state governments, the immediate reaction is to give their RTCs the assurance that they would try to get the Centre’s decision revoked or obtain a special waiver.
The Opposition-ruled ones — notably the Gujarat and
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