Reliance Industries Ltd. EQRELIANCE -0.73 % plans to fully resume retail sales of fuel—a business it exited in 2008—by next March, as India’s move to end diesel subsidies provides it a level playing field to compete with state-run operators. The Mumbai-based refiner of crude oil had ventured into selling gasoline and diesel in 2006 through its nearly 1,400 petrol stations across the country. But it had to shut operations as it wasn’t getting subsidies extended to state-run operators. The subsidies were to compensate retailers for losses incurred on mandatory fuel sales below market prices, aimed at shielding the poor from inflation. However, the government ended subsidies on gasoline in 2012 and diesel last October , paving the way for private operators’ entry. The move “has presented an […]