Jio-bp not to raise petrol, diesel prices

Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan ​to raise fuel ‌prices immediately despite a spike in international oil prices, its chief executive Akshay ​Wadhwa said ​on Friday.

The country’s second-largest private fuel retailer has kept retail petrol and diesel rates steady, just like public sector firms, which have not passed on the surge in raw material (crude oil) cost to consumers for fear of spiking inflation.

“We are in this with the country,” Wadhwa said on the sidelines of an industry event here.