International oil prices have hit a six-month low, helping Indian fuel retailers breakeven on petrol but they continue to lose money on diesel - the most used fuel in the country, officials said.
The world's best-known crude benchmark, Brent was trading at ₹94.91 per barrel on Thursday after concerns of a global recession led to it slipping to a six-month low of ₹91.51 on the previous day.
The current rates are a relief to India, which is 85% dependent on imports for meeting its oil needs.
