India’s largest oil marketing company Indian Oil Corporation (IOC) on Friday hinted that retail prices of petrol and diesel are likely to go up from April 1 in view of the national rollout of BS-VI fuels as mandated by the Supreme Court.
“There will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will run on new fuels,” IOC chairman Sanjiv Singh told reporters in Mumbai.
He, however, added that it will not burden the consumers with a steep hike.
An office bearer of Karnataka Petroleum Dealers Association told DH that retail prices may go up in the range of Re 1-2 per litre in Bengaluru.
Petrol was sold at Rs 74.41 per litre in Bengaluru on Friday, while diesel was sold at Rs 66.79 a litre.
