Policy & Govt

Petrol, Diesel prices to go up! Petroleum Ministry sends note to Finance Ministry telling THIS

A not so happy news for consumers on the petrol and diesel prices front. The prices of petrol are expected to go up further by Rs 2-3 soon while that of diesel to Rs 1-2. While this will certainly have an impact on the pockets of the common man, oil marketing companies like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) are expected to gain. Zee Business’ Chetan Bhutani brings this exclusive report.

Citing his top government sources, Bhutani said that the prices of petrol and diesel could increase further in the immediate term. While this could hit consumers, all the three OMCs will likely benefit from it, he said.

He said that price of petrol could increase by another Rs 2-3 while that of diesel may see an uptick of Rs 1-2. He said that the price may not go up in one go and will be done in a phased manner.

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