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Diesel decontrol sparks fresh hopes for pvt oil marketers

At 65 million tonnes per annum, dieselaccounts for nearly 40 per cent of all petroleum products sold in the country.Not surprisingly, it is a huge opportunity for private oil marketing companies.Now that the government has decided to decontrol diesel prices for bulk usersand allowed government-controlled oil marketing companies to raise retailprices in small monthly doses, private oil companies such as RelianceIndustries, Essar Oil and Shell...