State-owned oil companies – IOC, BPCL and HPCL – decided to have a uniform petrol price despite government giving them freedom to price the fuel. They will revise prices once a month based on input cost. The three retailers will once in a month coordinate on pricing of petrol based on international price trend of crude oil and gasoline. Indian Oil Corporation Director (Finance) S V Narasimhan said this in New Delhi yesterday. On June 25, an Empowered Group of Ministers headed by Finance Minister Pranab Mukherjee had decided to free diesel prices from government control.
News On AIR | July 15, 2010 8:36 AM
Oil PSUs agree for uniform petrol price