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.
From Wednesday midnight, states owned oil companies hiked petrol price by Rs. 7.50 plus local taxes – the biggest hit of past10 years, opposing the hike prices, NDA called a nation-wide bandh on May 31.
Threatening the government to go with a huge agitation national strike, opposition asked to roll back the hike amid fears that LPG and diesel prices will go up next.
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