Oil Ministry: No Decision Yet on Capping Refinery Prices Amid Energy Risks

• Petroleum ministry joint secretary Sujata Sharma denied reports of capping refinery prices, stating "No such decision has been taken at all."
• The Centre has not decided to cap the refinery transfer price (RTP), which is the internal rate refineries charge their marketing arms.
• Despite surging Indian refining margins, retail pump prices remain frozen, causing significant marketing losses for OMCs like Indian Oil, BPCL, and HPCL.
• Sharma confirmed sufficient crude availability, refineries operating at peak capacity, and normal petrol pump operations.
• The Centre urged consumers with both PNG and LPG connections to surrender LPG, with city gas companies offering incentives for new PNG users.