Amid elections, oil companies continue with petrol and diesel price hikes


Amid elections, oil companies continue with petrol and diesel price hikes

India’s government-owned fuel retailers, who are known for putting fuel price revisions on hold amid elections, seem to have bucked the trend this time by continuing to hike retail prices of petrol and diesel across the country.

The 2019 Lok Sabha elections are being held in seven phases from 11 April to 19 May, with the results being announced on 23 May. Indian Oil Corporation (IOC), the nation’s largest fuel retailer, decreased the price of petrol by 5 paise to Rs 72.93 per litre on Tuesday. While, price of one litre of diesel in the national capital was increased by 5 paise to Rs 66.31.

Similar price revisions were initiated in other major metro cities across the country. Price of petrol in Mumbai and Kolkata was decreased by 5 paise to Rs 78.50 per litre Read More

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