Diesel prices charged by retailers could be market-priced by September
Mumbai: Oil retailers will suffer no losses on diesel after a hike in prices in September, says Goldman Sachs. That would mean diesel prices charged by retailers could be market-priced by September, the investment bank adds.
India has been gradually raising diesel prices every month since January 2013.
Oil retailers gain on Tuesday after Brent crude hits new 14-month low. Hindustan Petroleum Corp gains 1.9 per cent, Bharat Petroleum Corp rises 1.4 percent while Indian Oil Corp advances 1.3 per cent.
( Source : reuters )
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