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The Cabinet Committee on Economic Affairs raised the subsidy from Rs 200 per 14.2-kg cylinders for up to 12 refils per year to Rs 300 per bottle under the Ujjwala Yojana, which will benefit 9.6 crore families
The result is Shell India, whose 346 petrol pumps are mostly concentrated in the southern and western states, is now selling diesel at INR 130 per litre in Mumbai and INR 129 in Chennai.
Shell India has raised diesel prices by up to Rs 20 per litre, while public sector fuel retailers have kept rates frozen for 18 months. With international oil prices around $90 per barrel, Shell India has been increasing fuel prices by Rs 4 per litre every day. As a result, Shell India is now selling diesel for Rs 130 per litre in Mumbai and Rs 129 in Chennai.
Shell India has hiked diesel prices by as much as Rs 20 per litre in less than a week's time, but the dominant public sector fuel retailers continue to keep rates on freeze for a record 18th month in a row.
Prior to his recent role, Nitin was the Managing Director for Shell Lubricants for the cluster of India, Sri Lanka and Bangladesh