PSU OMCs Keep Prices Unchanged
(WorldNews Asia)

INDIA MOVES TO BS-VI PETROL AND DIESEL As per their commitment to the nation, PSU Oil Marketing Companies (OMCs - IndianOil, BPCL and HPCL)have fully transitioned to BS-VI compliant petrol and diesel across the country with effect from 1st April 2020 even in the face of the constraints posed by the COVID-19 pandemic. The PSU OMCs have incurred capital expenditure to the tune of about Rs. 35,000 crore in upgrading their countrywide refineries, pipelines&marketing distribution network to be able to usher in BS-VI fuels, directly leapfrogging from BS-IV fuels. Further, the refineries shall incur incremental operating costs on a sustained basis to manufacture BS-VI petrol and diesel with 10...