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Petrol price hiked by Rs 1.82 per litre

Discussion in 'Internal Affairs' started by Marqueur, Jun 28, 2013.

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  1. Marqueur

    Marqueur Peaceful Silence ELITE MEMBER

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    NEW DELHI: State-owned oil marketing companies on Friday hiked petrol prices by Rs 1.82 a litre. The new rates will be effective from midnight.

    This is the third such increase in petrol rates in this month alone as the downslide of rupee against US dollar has made crude oil import costlier.

    Earlier, on June 15, the oil companies had hiked the price by Rs 2.

    With the latest increase in price, petrol will now cost Rs 68.52 per litre in Delhi.

    Mumbai: Rs 76.90 per litre.

    Chennai: Rs 71.71 per litre.

    Bangalore: Rs 4.78 per litre.



    Petrol price hiked by Rs 1.82 per litre - The Times of India



    In the excitement. TOI missed a 7 i guess .... bangaluru petrol price 4.78 rs.
     
  2. Marqueur

    Marqueur Peaceful Silence ELITE MEMBER

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    Petrol price hiked by Rs 1.82 per litre - The Times of India

    NEW DELHI: Petrol price was on Friday hiked by a steep Rs 1.82 a litre, the third increase in rates this month, as falling rupee made imports costlier.

    An increase in diesel rates is expected early next week. Oil companies raised petrol rates by Rs 1.82 a litre, excluding local sales tax or VAT, with effect from midnight. Actual increase will be higher and will vary from city to city depending on local taxes.

    Petrol price in Delhi was hiked by Rs 2.19 per litre to Rs 68.58 from tomorrow as against Rs 66.39 currently.

    This is the third increase in rates this month. Oil firms had on June 1 raised prices by 75 paisa, excluding VAT, and followed it with a Rs 2 per litre increase on June 16.

    The revision in prices as per the practice of changing rates in line with cost every fortnight, was due on Sunday June 30 but were raised today.

    Diesel price too is likely to be raised by 40-50 paisa per litre early next week in accordance with the government mandate for small doses of increases every month.

    In Mumbai, petrol price has been increased by Rs 2.30 to Rs 76.90 while in Kolkata rates went up from Rs 73.79 to Rs 76.10 per litre. In Chennai, prices were hiked by Rs 2.32 to Rs 71.72.

    This week's increases have almost negated the four reductions this year that had brought down the rates to Rs 63.01 at the beginning of May.

    "Since last price change, the downwards slide of rupee has continued and US$-INR exchange rate has deteriorated from Rs 57.08 to a US dollar to Rs 58.94 during the fortnight," Indian Oil Corporation (IOC) said announcing the increase in rates.

    Further, international gasoline (petrol) prices have also increased from US$ 113.84 per barrel to US$ 115.29 a barrel since last price change.
     
  3. Abhyuday Pratap Singh

    Abhyuday Pratap Singh 2nd Lieutant FULL MEMBER

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    just another side effect of the falling rupee.....

    Presently the government has pushed its entire focus on balancing the fiscal deficit and has no concerns over the common man's economy for the election season is far away....but in reality this credit goes to all the parties, whether its the NDA, UPA-1 in which the communists were also a part of or UPA-2 they all just mismanaged the petroleum economy and never thought of farsighted policies which has produced these devastating results :sad:

    Our income is of indian standard and slowly but steadily our expenditures are becoming of american standards

    I heard a news that the indian rupee will fall as low as 64 to a dollar (1$ = Rs.64) god knows what happens next :fie:
     
    Last edited: Jun 28, 2013
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