Amid Budget 2013 proposals, Oil marketing companies on Friday has hiked Petrol prices by Rs 1.40 per litre, the second big increase as many weeks. Read more
Tag: petrol price hike
Enjoying the freedom to hike the Petrol rate, the state-owned oil companies has been hiked the price of fuel by Rs. 1.50 per litre and diesel by 45 paise a litre. Read more
“There are no immediate plans…There is of course a crisis of unprecedented magnitude. However, there are no immediate plans (to hike petrol prices),” Reddy told reporters.
He said the loss to petroleum companies was escalating and another rise in prices may come. Read more
The hike of Petrol prices upto Rs 7.50 per litre last week, moved in a nationalwide strike, called by the NDA, Left parties and many key allies of the UPA on Thursday, hitting worse the transport routes.
The government still with its node not to reduce the hike as long as opposition pressure, but source said that there is more chances to reduce petrol price by Rs 1.50-1.60 a litre by the oil companies on Friday, or may be in the middle of next week. Read more