|
|
|
|
|
|
| |
| |
By Category |
 |
|
|
| |
|
| |
| |
India On Media |
|
|
|
| |
|
| |
|
|
| Politics
News |
|
| Petrol price hiked by Rs. 5 per lr |
| Petrol price hiked by Rs. 5 per litre
|
| INDIA
, 16-May-2011
2:12:17 AM |
| In the biggest-ever price increase of the fuel, state-owned oil companies hiked petrol price by Rs. 5 per litre with effect from Saturday midnight.
The steep hike in petrol price is likely to be followed by a Rs. 4 per litre increase in diesel rates and Rs. 20-25 per cylinder increase in domestic LPG price later this month.
Petrol in Delhi will cost Rs. 63.37 per litre at Indian Oil Corporation (IOC) outlets in the national capital from Sunday as against Rs. 58.37 a litre currently, an official said here.
Even after Saturday's hike, oil companies will continue to lose Rs. 5.50 per litre and another increase in price is on the anvil soon, he said.
"Nothing will happen, no one will do anything, the entire burden is on the common man," said an angry Chandigarh resident.
"It's time to sell of our vehicles," said another.
Bharat Petroleum (BPCL) today hiked price by Rs. 4.99 per litre and Hindustan Petroleum (HPCL) by Rs. 5.01 a litre. Petrol at BPCL outlets currently costs Rs. 58.39 per litre and at HPCL pumps Rs. 58.38 a litre.
The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came a day after election results of five state assemblies were announced.
The government had, in June last year, freed petrol price from its control but oil companies continued to follow 'informal' advice from the oil ministry on rate revision
|
|
|
|
|
|
|
|
ADVERTISEMENTS
Free offer!!! Become an administrator for your zip home page, "Post" local news (local to your postcode)& pictures, "Post" advertisement banners from local companies. Make Extra money.
|
 |
 |
|
|
| |
|
