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Oil PSUs profitability to take a hit if govt stops fuel price revision during polls: Moody's

Updated : March 26, 2019 02:51 PM IST

Before the Gujarat and Karnataka state elections, the government had asked oil companies to temporarily suspend the practice of adjusting the prices of petrol and diesel on a daily basis.
State-owned IOC, Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) had temporarily stopped revising fuel prices first in December 2017, ahead of assembly elections in Gujarat and then in April/May 2018 before Karnataka elections.
Oil PSUs profitability to take a hit if govt stops fuel price revision during polls: Moody's

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