Downstream oil marketing major, Indian Oil Corporation has announced plans to raise diesel prices by 45 paise per litre.
The price hike, which excludes value added taxes, will come into effect from tonight.
Despite the price hike, the company said it is incurring a loss of Rs 8.19 per litre on diesel.
The last hike in retail diesel prices occurred on February 16.
India Infoline News Service / 08:59, Aug 25, 2014
The outlook is a flat start. The BankNifty has given a breakout but many of the large caps are remaining in a range keeping the main indices under pressure.