Indian Oil Corp (IOC)(IOC.NS) raised the price of diesel by 2.5 percent from Tuesday and that of gasoline by about 1.3 percent, reflecting changes in global fuel prices, the company said in a statement.
India's three state-controlled oil companies, IOC, Bharat Petroleum Corp Ltd (BPCL.NS) and Hindustan Petroleum Corp Ltd(HPCL.NS), tend to adjust retail prices of fuels inconcert.
(Compiled by Sankalp Phartiyal in NEW DELHI; Editing by Subhranshu Sahu)
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Updated Date: May 18, 2016 00:00 AM