Tag: petrol price hike

Petrol prices up by Rs 7.50, Mamata Banerjee unhappy

May. 23 General News, India News Comments Off

Threatening the effect of Inflation rate, the Oil companies have hiked petrol prices by Rs 7.50 per litre and its effect has to seen from Wednesday midnight.

State-owned oil firms, those earlier asked govt. for giving consultation to bear the past huge loses, raised the petrol price by Rs 6.28 per litre excluding local sales tax or VAT, while in Delhi the hike price is gone upto Rs 7.50 per litre adding 20 per cent VAT,, being applied all nearby states such as Punjab, Haryana, UP and other. Read more

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Oil prices may hike by Rs 2 from next week

Jan. 01 Business Comments Off

petrol price 290x300 Oil prices may hike by Rs 2 from next weekOn New Year eve’s celebration, the public could suffer from the hike price of petroleum fuel. The price of fuel could be rise by Rs 2.

Further for revising rates of fuel, the Oil companies will be held a meeting on Monday to revise rates of petrol but would need a political clearance given that Assembly elections are round the corner.

However there may be chances of change in rate as five-bound poll Assembly elections have been announced.

In their report, the oil companies said that they will decide on revising rates only on Monday. The rate change may, however, need a political clearance as Assembly elections in five crucial states, including Uttar Pradesh and Punjab, have been announced.

However, according to the report of Experts, a hike price of over Rs 2.10-2.13 per litre in petrol price is needed because of weakening Indian currency. Read more

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