Shell India has hiked diesel prices by as much as Rs 20 per litre in less than a week’s time, but the dominant public sector fuel retailers continue to keep rates on freeze for a record 18th month in a row.
With international oil prices hovering around USD 90 per barrel, the India unit of the world’s second-largest oil and gas company last week started raising fuel prices by Rs 4 per litre every day, company dealers and industry sources said.
The result is Shell India, whose 346 petrol pumps are mostly concentrated in the southern and western states, is now selling diesel at Rs 130 per litre in Mumbai and Rs 129 in Chennai.
