Despite a surge in oil prices, state-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL), and Bharat Petroleum Corporation Ltd (BPCL) first froze petrol and diesel rates for a record 137 days beginning in early November 2021 when five states including Uttar Pradesh went to the polls, and last month again went into a hiatus that is now 47 days old.
"They (Reliance BP Mobility Ltd) has written to the petroleum ministry over the fuel pricing issue," a highly placed source in the government, who didn't want to be quoted, told reporters here.
This story is from the May 24, 2022 edition of Business Standard.
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This story is from the May 24, 2022 edition of Business Standard.
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