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Financial Chronicle - - FRONT PAGE -

Data from state-owned oil com­pa­nies give enough in­di­ca­tion to prove a veiled price con­trol has made its come­back and petrol and diesel prices have been left un-re­vised for days in suc­ces­sion

The change be­comes prom­i­nent ever since re­tail prices of prod­ucts touched three-year high lev­els last month even though crude oil prices dur­ing the pe­riod halved

Notwith­stand­ing fre­quent changes in prices of petroleum prod­ucts glob­ally, state-run oil com­pa­nies seem to have obliged the petroleum min­istry to hold on to the price line for longer pe­ri­ods

IOC data in­di­cates that re­tail price of petrol and diesel re­mained the same for more than one day on six oc­ca­sions be­tween Septem­ber 12 and Oc­to­ber 11

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