Freeze on fuel prices hike timing, Karnataka election coincidental, says IOC chief
Indian Oil Corporation (IOC) Chairman Sanjiv Singh today said the decision of oil PSUs not to hike petrol and diesel prices since April 24 was aimed .at stabilising them and it 'incidentally' coincided with Karnataka elections. He said before prices were stabilised, there were daily spikes varying from 25 paise to 35 paise
There have been apprehensions that the US decision may adversely impact India's oil import from the Persian Gulf nation as well as Chabahar port project. Image source: Pixabay