Almost one week after the UPA Government announced the Rs 7.50 per liter hike in petrol price, petrol will now cost Rs2 per liter cheaper. New Petrol price will be affective from the midnight today.
Meanwhile, state-based oil companies will cut petrol price by Rs 1.68 per litre, excluding taxes. After including 20 per cent VAT on petrol, the reduced in Delhi comes to Rs 2 per litre.
Right now “Bharat bandh” call by the NDA and the Left parties, the common man life with economy started affecting from early morning due to lack of any services even rail traffic also hit as all other parties including worker unions are come to be part of protest.
With lots of anger, today the UPA government has to face its result by moving hike petrol prices, the entire India is set to stop working.
As per the recent reports, the state-operated oil marketing firms has announced that they will not increase the petrol price after the political parties nudged them to wait for 15 more days to see the results of RBI’s steps to stem rupee fall.
Meanwhile, oil firms review oil prices on the 15th and 30th of every month. On Thursday, oil companies once decided to increase the petrol prices by 50-60 paise per liter.
The decision on not to hike the petrol prices came after oil minister S Jaipal Reddy met finance minister Pranab Mukherjee, to discuss talks on the fall on rupee.
The agreement vision was that the oil firms should wait for some more time to see the RBI’s steps to arrest the rupee’s fall. The oil firms are likely to take a call on raising petrol price on New Year.
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