BPCL privatisation likely to face a bump on rising fuel prices in India

A major chunk of the auto fuel price in the country consists of state and central taxes

The disinvestment of Bharat Petroleum Corp­oration (BPCL) may hit a fuel price hurdle, according to officials dealing with the matter. They pointed out that the inconspicuous administered price regime could hamper the prospects for potential buyers of BPCL.

A senior oil ministry official said public-sector oil-marketing companies (OMCs) take a hit when they sell petrol, diesel, and liquefied petr­oleum gas (LPG), three of the most popular petroleum products in the country. “The oil firms can recover this hit later when crude oil prices mellow down,” the official said.

In Delhi, the retail price of petrol is hovering around Rs 105