Ahead of Bihar assembly elections, state-owned oil companies have apparently decided not to increase fuel prices, though factors governing the oil market "necessitated" a hike in petrol prices by Rs 1 per litre and in case of diesel, by Rs 2.28 a litre.
IOC, BPCL, and HPCL revise petrol and diesel prices every fortnight based on global crude oil prices and rupee movements. But the companies opted not to revise oil prices on 15 September.
"There will be no change in retail price this week," said an official at one of the three retailers, without citing any reason. Had the companies announced a hike in fuel prices, it would have been the first increase in the last four months. more
IOC, BPCL, and HPCL revise petrol and diesel prices every fortnight based on global crude oil prices and rupee movements. But the companies opted not to revise oil prices on 15 September.
"There will be no change in retail price this week," said an official at one of the three retailers, without citing any reason. Had the companies announced a hike in fuel prices, it would have been the first increase in the last four months. more
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