Indian oil firms stop taking â¹1 per litre hit on petrol, diesel
State-owned fuel retailers Indian Oil, Hindustan Petroleum and Bharat Petroleum have stopped absorbing government-mandated â¹1 cut on every litre of petrol and diesel sold. "Since global prices are low, this issue is not there anymore," Hindustan Petroleum Chairman MK Surana said. While Brent crude fell 38% since October 1, Indian petrol and diesel prices have been reduced by about 17-18%.