Diesel cracks that had strengthened in anticipation of new marine fuel norms from January 2020 have eased since the start of Sept.

An investment of Rs 60,000 crore has been made for this. It vehicular pollution by 80-90 per cent, said Prakash Javadekar.

Even a 26 per cent stake sale at this valuation would fetch the government Rs 26,500.

Air India offered to pay Rs 60 crore which is a drop in the ocean of what oil marketing companies owe.

However, an official said the flight operations of the airline are currently normal and unaffected.

Last week, the two firms had announced a new joint venture to set up petrol pumps and retail aviation turbine fuel in India.

Sales of gasoline, or petrol, were 8.8 per cent higher from a year earlier at 2.52 million tonnes.

NITI Aayog has reportedly proposed that after 2030, only electric vehicles should be sold in India.

Gasoline and jet fuel demand are expected to rise by 7-8 pc this year, while diesel consumption could increase by 3 pc.

To overcome the power deficit, Telangana government has embarked on an action plan for capacity addition of around 6,000 MW.