IOC News & Analysis

Petrol, Diesel Prices Rise ₹7.5 in 10 Days Amid Hikes in India

India has raised petrol and diesel prices by ₹7.5 in the last 10 days, marking the fourth price hike this month. As a result of these adjustments, petrol prices have crossed ₹100 in Delhi. Oil companies like BPCL, HPCL, and IOC are now able to cut back on almost half their losses due to this increase. This move is significant as it addresses ongoing financial struggles within the oil retail sector in India, impacting market prices and consumer spending.