<p>India’s largest oil marketing company Indian Oil Corporation (IOC) on Friday hinted that retail prices of petrol and diesel are likely to go up from April 1 in view of the national rollout of BS-VI fuels as mandated by the Supreme Court.</p>.<p>“There will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will run on new fuels,” IOC chairman Sanjiv Singh told reporters in Mumbai.</p>.<p>He, however, added that it will not burden the consumers with a steep hike.</p>.<p>An office bearer of Karnataka Petroleum Dealers Association told <span class="italic">DH</span> that retail prices may go up in the range of Re 1-2 per litre in Bengaluru.</p>.<p>Petrol was sold at Rs 74.41 per litre in Bengaluru on Friday, while diesel was sold at Rs 66.79 a litre.</p>.<p>D L Pramodh, executive director & State Head, Indian Oil Corporation said, “We can’t comment on the price rise. It is up to the managements of OMCs and the government to decide.”</p>.<p>Pramod said the OMCs together have invested in excess of Rs 28,000 crore to upgrade their refineries to produce low-sulphur petrol and diesel. IOC alone has invested Rs 17,000 crore to upgrade its refineries.</p>.<p>The OMCs are all set to dispense BS-VI fuels across the country simultaneously from April 1, he said.</p>.<p>BS-VI fuels will have sulphur content of only 10 parts per million (ppm) as against the 50 ppm in existing fuels, resulting in lower emission, he said.</p>.<p>IOC has already started supplying BS-VI fuels to dealers.</p>
<p>India’s largest oil marketing company Indian Oil Corporation (IOC) on Friday hinted that retail prices of petrol and diesel are likely to go up from April 1 in view of the national rollout of BS-VI fuels as mandated by the Supreme Court.</p>.<p>“There will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will run on new fuels,” IOC chairman Sanjiv Singh told reporters in Mumbai.</p>.<p>He, however, added that it will not burden the consumers with a steep hike.</p>.<p>An office bearer of Karnataka Petroleum Dealers Association told <span class="italic">DH</span> that retail prices may go up in the range of Re 1-2 per litre in Bengaluru.</p>.<p>Petrol was sold at Rs 74.41 per litre in Bengaluru on Friday, while diesel was sold at Rs 66.79 a litre.</p>.<p>D L Pramodh, executive director & State Head, Indian Oil Corporation said, “We can’t comment on the price rise. It is up to the managements of OMCs and the government to decide.”</p>.<p>Pramod said the OMCs together have invested in excess of Rs 28,000 crore to upgrade their refineries to produce low-sulphur petrol and diesel. IOC alone has invested Rs 17,000 crore to upgrade its refineries.</p>.<p>The OMCs are all set to dispense BS-VI fuels across the country simultaneously from April 1, he said.</p>.<p>BS-VI fuels will have sulphur content of only 10 parts per million (ppm) as against the 50 ppm in existing fuels, resulting in lower emission, he said.</p>.<p>IOC has already started supplying BS-VI fuels to dealers.</p>