2015 Petrol Price Revision Monday June 15,2015

 

Petrol Price Hiked by 64 Paise; Diesel Cut by Rs 1.35

Petrol price was on Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.

This is the third increase in petrol price since May.

However, in case of diesel, the reduction has halted two consecutive increases during last month. The revision in rates will be effective from midnight of  June 15,2015

On May 16, petrol price was hiked by Rs 3.13 a litre and diesel by Rs 2.71 per litre.

Prior to the Rs 3.13 increase in petrol price on May 16, 2015 rate of the fuel was raised by Rs 3.96 on May 1. In case of diesel, rates were hiked by Rs 2.37 (on May 1) and by Rs 2.71 (on May 16).

Petrol prices have been cumulatively cut by Rs 17.11 a litre in 10 reductions between August 2014 and February 2015 and diesel by Rs 12.96 a litre in six cuts between October 2014 and February 2015
However, on June 1, companies skipped raising rates by 30-40 paise that had become necessary due to rise in international rates.