February 13, 2013 / 11:08 AM / in 5 years

IOC to review diesel prices this week

NEW DELHI (Reuters) - Indian Oil Corp(IOC.NS), the country’s largest state-owned refiner, will review diesel prices on Friday or Saturdy, chairman R.S. Butola said.

A worker sits beside an oil tank at a storage facility of an oil company on the outskirts of New Delhi March 25, 2010. REUTERS/Danish Siddiqui/Files

India deregulated diesel prices last month by allowing fuel retailers to raise the price of subsidised diesel by up to 0.50 rupees a litre every month and asking bulk buyers to pay market rates.

Reporting by Nidhi Verma; Editing by Sunil Nair

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