Mumbai: National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from April 1 and that there will be a marginal increase in retail prices.
The largest oil supplier has spent over ₹17,000 crore to upgrade its refineries to produce the low-sulphur diesel and petrol, the company’s chairman Sanjiv Singh told reporters here.
Without disclosing the quantum of price increase, Singh said, “there will definitely be a marginal increase in retail prices of the fuels 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 present 50 ppm.
