Oil firms supply cleaner BS-VI fuel across India
Hindustan Times, Delhi   03-Apr-2020

State-run oil marketing companies (OMCs) have launched cleaner BS-VI grade petrol and diesel across the country from Wednesday with an investment of Rs.35,000 crore without raising their pump prices, thanks to the slump in international oil rates.

As per the commitment, the three public sector companies - Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have fully transitioned to BS-VI compliant petrol and diesel across the country, an IOC spokesperson said. Executives of the three oil companies said on condition of anonymity that consumer prices of petrol and diesel have not been raised to recover the investments in upgrading refineries as prices of auto had been freezed since March 16 despite a steep fall in their international rates.

Petrol is currently sold at Rs 69.59 per litre in Delhi and Diesel is priced at Rs 62.29 a litre since March 16 despite India's average crude oil purchase price (Indian Basket) has dropped by over 27 %.