NDA Govt hikes petrol prices by Rs 3.18, diesel by Rs 3.09 per litre on Saturday Feb 28,2015
Petrol price was today Saturday Feb 28,2015 hiked by Rs 3.18 per litre and diesel by Rs 3.09, the second increase in rates this month on rising international oil rates
The increase is effective from midnight tonight Saturday Feb 28,2015
Prior to the increases this month, petrol price had been cut on ten occasions since August 2014 and diesel six times since October 2014.
Cumulatively, petrol price had been cut by Rs 17.11 per litre in ten reductions since August and diesel by Rs 12.96 a litre since its deregulation in October 2014
Prices of petrol and diesel were last revised upwards with effect from February 16 by Rs 0.82 per litre and Rs 0.61 a litre respectively (including state levies at Delhi)… Since the above price revision, there has been further steep increase in international prices of both petrol and diesel,” Indian Oil Corp (IOC) said in a statement.
Also, the slight depreciation in rupee-dollar exchange rate together with firming international rates warrant increase in retail selling price of petrol and diesel, it said.
Fuel prices would have been lower but for four consecutive excise duty hikes since November totalling Rs 7.75 a litre on petrol and Rs 7.50 on diesel
Petrol price was today Saturday Feb 28,2015 hiked by Rs 3.18 per litre and diesel by Rs 3.09, the second increase in rates this month on rising international oil rates
The increase is effective from midnight tonight Saturday Feb 28,2015
Prior to the increases this month, petrol price had been cut on ten occasions since August 2014 and diesel six times since October 2014.
Cumulatively, petrol price had been cut by Rs 17.11 per litre in ten reductions since August and diesel by Rs 12.96 a litre since its deregulation in October 2014
Prices of petrol and diesel were last revised upwards with effect from February 16 by Rs 0.82 per litre and Rs 0.61 a litre respectively (including state levies at Delhi)… Since the above price revision, there has been further steep increase in international prices of both petrol and diesel,” Indian Oil Corp (IOC) said in a statement.
Also, the slight depreciation in rupee-dollar exchange rate together with firming international rates warrant increase in retail selling price of petrol and diesel, it said.
Fuel prices would have been lower but for four consecutive excise duty hikes since November totalling Rs 7.75 a litre on petrol and Rs 7.50 on diesel
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