NEW DELHI: India has switched over to the world’s cleanest petrol and diesel without raising prices, Indian Oil Corp (IOC), the nation’s largest oil firm, said on Thursday.
Leapfrogging from BS-IV grade fuel straight to BS-VI grade, equivalent to Euro-VI fuel, petrol and diesel would have resulted in an up to Re 1 per litre increase in cost but oil companies decided against passing this on to consumers and instead adjusted it against the reduction warranted from international oil prices plummeting to a 17-year low.
IOC also said the prices of petrol and diesel have not been increased despite cost going up significantly.
Increase in fuel prices in some states like Maharashtra, Karnataka and West Bengal by about Re 1 per litre each from April 1 has been on account of hike in state sales tax or VAT rates, it said.
