Indian Oil Corporation (IOC) on Saturday said it is all set to supply low emission BS-6 from April 1 and that there may be a marginal or slight increase in retail prices.
The largest oil supplier of the Country has spent over Rs 17,000 crore to upgrade its refineries to produce the low-Sulphur diesel and petrol, informed the Company’s Executive Director Bihar State Office (BSO) Vibhash Kumar told reporters in Ranchi while talking to media.
Without disclosing the quantum of price increase, Kumar said, “There is chances that the retail prices of fuels may register marginal increase from April 1 when the whole Country will be run on new fuels, which will have Sulphur content of only 10 parts per million (ppm) as against the 50 ppm earlier.”
