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NEW DELHI: India is not considering raising retail fuel prices despite an uptrend in global crude oil prices, the oil secretary said on Wednesday.

"Global prices are not comfortable. But there is no proposal to revise the price," R S Pandey told reporters.

The country sets retail fuel prices below the market costs to protect customers, and it partially subsidises oil marketing firms for their losses caused by this.

Separately, Indian Oil Corp's chairman Sarthak Behuria said his company was currently losing Rs 2.30 per litre of diesel sold and Rs 4.20 per litre on petrol.