From April 1, only BS6 fuels will be sold throughout the country. The new fuels, which are touted to be one of the cleanest in the world, will see a marginal price hike.
Indian Oil Corporation (IOC) has reportedly invested over ₹17,000 crore in upgrading its refineries to produce the low-sulphur diesel and petrol. The sulphur content will be now just 10 parts per million(ppm) compared to the present 50ppm.
Bharat Petroleum has spent around ₹7,000 crore for the same upgrades.
It is reported that the average price increase is expected to be in the range of 70-120 paise a litre, but the same has not been confirmed by any oil company.