The three national oil marketing companies have increased the prices of automotive lubricants such as two-stroke engine oils, adding to the burden of motorists.
The prices of lubricants across the grades marketed by Indian Oil Corporation have gone up by about Rs. 18 a litre since April, including an increase of Rs. 12 from Tuesday, company sources said. The prices were untouched for around 18 months prior to the increase in April.
The reasons for the increase include an increase in the cost of base oil, a key raw material and additives.
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