The Ministry of Petroleum and Gas has lifted the temporary regulatory restrictions over the sale and distribution of Motor Spirit (MS) and High Speed Diesel (HSD) through retail outlets of Public Sector Oil Marketing Companies with effect from 1st July, 2026, as per the press release issued on Monday.
The press release further states that the government has concluded that the temporary regulatory measures imposed on 12th June, 2026, are no longer required in the public interest.
The temporary restrictions were imposed in order to ensure adequate availability of petrol and diesel across the country while safeguarding the interests of retail consumers.
During the period of disruptions arising from the West Asia crisis, the Government kept retail prices steady in order to prevent consumers from global oil spikes. This created a significant price gap between retail fuel prices and those applicable to bulk consumers, leading to some commercial and industrial buyers purchasing from retail pumps, which caused hoarding, diversion, and fuel shortages.
