Sunday, 14 July 2013

Petrol price hiked by Rs. 1.55 a litre, effective midnight

Oil companies today hiked the price of petrol by Rs. 1.55 per litre, without taxes. The price of diesel was kept unchanged.

The new prices will take effect from midnight.

Oil firms review the price of petrol every two weeks. While petrol price has been deregulated since June 2010 and the price is market determined, the government still controls the price of diesel, and allows only minor revisions.


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