Petrol under-recovery at Rs 13, diesel Rs 24; Reliance-BP says operations unsustainable

Petrol under-recovery at Rs 13, diesel Rs 24; Reliance-BP says operations unsustainable

RBML - the joint venture of Reliance Industries Ltd and supermajor BP - has told the government that fuel retailing for the private sector in India has become unsustainable after market-controlling public sector firms frequently froze petrol and diesel prices at rates way below the cost, sources said.