Indian Oil raises fuel costs to reflect global prices
3/18/2016 12:00:00 AM
NEW DELHI, March 16 (Reuters) - Indian Oil will raise the price of diesel by 4.1% from Thursday and up the price of gasoline by about 5.4%, reflecting changes in global fuel prices, the company said in a statement.
India's three state-controlled oil companies, IOC, Bharat Petroleum and Hindustan Petroleum, tend to adjust retail prices of fuels in concert.
(Reporting by Sankalp Phartiyal, editing by David Evans)
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