HPCL chairman says petrol, diesel prices to rise if crude price stays high
MUMBAI, Sept 16 (Reuters) - India's Hindustan Petroleum Corp
Ltd has said that price of petrol and diesel at retail
outlets might go up if the price of crude stays at current
"Price of product at fuel outlets might be impacted if crude
price continues to go up by 10%," M K Surana, chairman of HPCL
told Reuters on Monday.
Indian fuel marketing companies fix the price of petrol and
diesel at retail outlets based on an average of last 15 days of
benchmark price of petrol and diesel in the Middle East.
Surana, however said, that a continued high crude price is
(Reporting by Promit Mukherjee, editing by Louise Heavens)
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