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.
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.
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