OMCs to see no losses on diesel after Sept price hike: Goldman

This means diesel prices will be market-priced by Sept

Oil retailers will suffer no losses on diesel after a hike in prices in September, Goldman Sachs has said. That would mean diesel prices charged by retailers could be market-priced by September, according to the investment bank.

Government has been gradually raising diesel prices every month since January 2013.

Oil retailers gained on Tuesday after Brent crude hit a new 14-month low.

Hindustan Petroleum Corp gained 1.9%, Bharat Petroleum Corp rose 1.4% while Indian Oil Corp advanced 1.3%.