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No directive from govt to control fuel price: IOCL

By Chennabasaveshwar

As petrol and diesel prices reached record high Indian Oil Corporation Chairman on Tuesday stated that there was no directive from the government to control fuel price.

No directive from govt to control fuel price: IOCL

Sanjiv Singh, Indian Oil Corporation said, " Spikes (in prices) were happening earlier and we decided to hold the prices for 19 days. All the petroleum products should come under GST."

"Government has given us freedom to revise prices on day to day basis, we took a call," he said.

Petrol price on Tuesday touched a record high of ₹76.87 per litre, while that of diesel stood at ₹68.08 in the national capital as oil firms raised prices for the ninth day in a row. The price of petrol went up by 30 paise a litre and diesel by 26 paise in Delhi, according to a notification issued by state-owned oil firm Indian Oil Corporation.

Prices in Delhi are the cheapest among all metros and most State capitals. Petrol stood at ₹79.53 a litre in Kolkata, ₹84.70 in Mumbai and ₹79.79 in Chennai. Diesel prices were ₹70.63 in Kolkata, ₹72.48 in Mumbai and ₹71.87 in Chennai.

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