Government is in a fix over
closure of petrol pumps by Reliance Industries over denial of subsidy on par with public sector companies, with Oil Minister Murli Deora admitting on Wednesday that dealing with the situation was not easy.
"You don't expect the government to give subsidy to (private retailers like) Reliance and Essar (Oil). But you also cannot expect them to be penalised," he told reporters.
Reliance plans to shut two-third of its 1,400 petrol pumps in the country by next month as it is unable to match the fuel price offered by state-run retailers, who get compensated by the government for selling fuel below the cost.
"Its a big problem," Deora said indicating that the government had no ready solution to deal with the situation.
He, however,
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