In response to the surge in fuel prices and concerns raised by the oil industry regarding the influx of smuggled oil products, the government is expediting the process of deregulating petroleum prices. The objective is to shift public attention to oil marketing companies (OMCs).Deregulating the In-Country Freight Equalization Margin (IFEM) mechanism is expected to result in significant price variations between cities and among different oil companies.This could lead to price differences…
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Is government allowing petrol pumps to determine their own prices?
