Nayara Energy hikes petrol, diesel rate: Will IOC, HPCL, BPCL follow as crude price rises?

Nayara Energy has raised petrol prices by Rs 5 and diesel by Rs 3. Will the PSU oil marketing companies such as IOC, HPOCL and BOCL follow, that's the million dollar question. The average price of Indian crude oil imports have jumped to a frightening $116.09 per barrel in September.

Kolkata: This could have been the worst development just before the festive season begins in India. Nayara Energy has raised petrol prices by ₹5 and diesel by ₹3. The obvious question now is, will the PSU oil marketing companies such as IOC, HPOCL and BOCL follow Nayara’s footsteps? The question has become more relevant since in September, the average price of crude oil that Indian refiners have imported has zoomed higher than any level since the West Asia war — $116.09 per barrel. With 7,108 pumps across India Nayara Energy operates the........

© News9Live