How do you fix price, what’s the logic behind retail and bulk rates difference, HC asks oil firms Posted on April 27, 2022 by cngpump Answering the queries of the court, the OMCs said that when global fuel prices increased drastically this year, they decided not to implement a steep increase in retail prices as it could have led to public unrest. Related posts: Kerala HC declines to stay OMCs decision to hike price of bulk diesel purchase Fuel price hike: Petrol, diesel trickles into private pumps as retail prices rise Retail fuel prices would need to be increased by 15% to reflect Int’l crude prices Diesel price for bulk users hiked Rs 25/ltr; pvt retailers stare closure Fuel price hike: Govt ready for action to reduce market volatility, says minister Petrol, diesel see 8th price hike in 9 days. Check the new rates in your city Petrol, diesel price increase on wait-and-watch mode; CNG rates hiked Gujarat: No shortage of petrol and diesel, says Nayara Energy Lanka IOC hikes retail prices of petrol and diesel yet again Fuel price hike: Oil companies may require further increase in petrol, diesel rates