No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's
Business | October 08, 2023 15:01 ISTThree state-owned fuel retailers -- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) -- which control roughly 90 per cent of the market, have kept petrol and diesel prices on freeze for a record 18 months in a row.