Poll effect: Fuel prices remain flat though crude is dearer
BENGALURU: Motorists tanking up at fuel depots have not been complaining for sometime now as there has been no drastic change in petrol and diesel prices over the past month-and-a-half, though there have been daily revisions.
Industry stakeholders, including retail dealers, say this has to do with the Lok Sabha polls which are under way and anticipate a steep hike in prices soon after the election results on May 23.
The largely flat fuels prices contradict the sharp spike during the said period in crude oil prices, based on which the retail prices had to change.
