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Monday, May 13
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Petrol price hiked by Rs. 1.82 per litre effective midnight

Petrol price hiked by Rs. 1.82 per litre effective midnight


Mangalore Today/NDTV

New Delhi, JUne 28: Petrol price was hiked on Friday by Rs. 1.82 a litre, effective midnight, the third increase in rates this month, as devaluation of rupee against US dollar made imports costlier.

 

Petrol price hike-June 28The hike, which is effective from midnight, is excluding local sales tax or value added tax (VAT) and actual increase for consumers will be higher.

This is the third increase in rates this month. Oil firms had from June 15 hiked prices by Rs. 2 excluding VAT and before that 75 paise from June 1 onwards.

Earlier this week, the rupee breached the psychological level of 60 against the US dollar. However by Friday it had recovered to 59.38.

Oil marketing companies review fuel prices every fortnight.



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