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Indian diesel, petrol prices hiked after Karnataka election

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - Indian state fuel retailers raised diesel and petrol prices on Monday to their highest in nearly five years, data from the country's biggest fuel retailer shows.Opposition leaders criticised the government for the increases, which have come days after a crucial election in the state of Karnataka that both the ruling party and opposition Congress party have fought hard to win.Fuel prices had been kept steady for nearly three weeks despite a move to market-linked pricing years ago.State-owned Indian Oil Corp (IOC), whose price decision is followed by other refiners, said ...

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First Published: Mon, May 14 2018. 18:05 IST
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