State oil firms have stopped taking margin hit on petrol and diesel sales

In October, India#39;s finance ministry had cut its production tax on the two fuels by 1.50 rupees a litre and had asked state-owned fuel retailers to reduce their marketing margins by 1 rupee a litre to insulate consumers from a surge in global oil prices at the time.

from Moneycontrol Business News http://bit.ly/2SxTy3g