Refineries jointly urge govt to withdraw revised MS pricing mechanism
Refineries have jointly urged the government to immediately withdraw the revised Motor Spirit (MS) pricing mechanism effective 31 October 2026, saying it forces them to surrender about Rs 49 per litre as Petroleum Levy (PL) without any matching recov
November 03, 2026 (MLN): R efineries have jointly urged the government to immediately withdraw the revised Motor Spirit (MS) pricing mechanism effective 31 October 2026, saying it forces them to surrender about Rs 49 per litre as Petroleum Levy (PL) without any matching recovery in their ex-refinery price, and puts viability and committed upgrade investments at risk. The refineries said the unexpected measure...