more-inPetrol and diesel prices continue their northward march across the country with national oil marketing companies increasing them on Tuesday too, for the second day consecutively. For consumers in Hyderabad, petrol has become expensive by 16 paise a litre and diesel by 24 paise at Indian Oil Corporation outlets. (On Monday, the prices were raised by 19 paise and 26 paise respectively per litre). Pump prices at the outlets of the three companies – IOC, HPCL and BPCL – vary by a few paise per litre. Their decision to hold the fuel prices was widely believed to be linked to the Karnataka Legislative Assembly elections, something that was denied by oil companies.

Source: The Hindu May 15, 2018 06:00 UTC