New Delhi: Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates in June alone, as devaluation of rupee against US dollar made imports costlier. The hike, which is effective from midnight on Saturday, is excluding local sales tax or VAT and actual increase for consumers will be higher.
Petrol price in Delhi was hiked by Rs 2.40 a litre to Rs 66.39 from Rs 63.99 previously. Oil firms had from June 1 hiked prices by 75 paisa, excluding VAT. However unlike last time, there will be no change in price of diesel.
In Mumbai, petrol price has been increased by Rs 2.52 to Rs 74.60 while in Kolkata rates went up from Rs 71.29 to Rs 73.79 per litre. In Chennai, prices were hiked by Rs 2.54 to Rs 69.39. "Since last price change, the slide in Rupee (against the US dollar) has continued and the USD-INR Exchange rate has deteriorated from Rs 55.32 to Rs 57.08 per USD," said Indian Oil Corp, the nation's largest oil firm.
IOC said international petrol prices have also hardened during this period. "The combined impact of both these factors, mainly depreciation of the rupee, has warranted the increase in petrol prices by Rs 2 per litre (excluding VAT)," it said in a statement....
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08:14 AM, Jun 16, 2013
On Saturday, the government hiked petrol price by Rs 2 a litre, the second increase in rates in June alone. ...
10:05 PM, Jun 15, 2013
New Delhi: Petrol price was on Saturday hiked by a steep Rs 2 a litre, the second increase in rates in June alone, as devaluation of rupee against US dollar made imports costlier. The hike, which is effective from midnight tonight, is excluding local sales tax or VAT and actual increase for consumers will be higher. Petrol price in Delhi was hiked by Rs 2.40 a litre to Rs 66.39...
06:53 PM, Jun 15, 2013
Chennai: Slamming the latest hike in prices of petrol and diesel, Tamil Nadu Chief Minister J Jayalalithaa on Friday charged the Centre with "fooling" people by reducing the rates of petrol earlier with an eye on the just concluded Karnataka Assembly elections. "Central government had not just reduced prices of petrol since March 16 keeping in mind the Karnataka elections, but had also suspended revising diesel prices. Increasing the prices...
11:25 PM, May 31, 2013
New Delhi: Petrol prices are all set to be hiked from June 1 onwards. Sources say that the increase will be by Re 1 per litre, making it the first petrol hike in 3 months. The hike is to be announced once the three oil marketing companies meet on May 31. ...
09:32 PM, May 29, 2013
Accusing the Congress-led UPA of pushing people into another crisis and "untold miseries" with Friday's petrol price hike, Chief Minister Jayalalithaa today warned such repeated revision could well become a tool "that will destroy the central government. ...
10:01 PM, Mar 01, 2013
Petrol price has been hiked by Rs 1.40 per litre, excluding VAT, with effect from Friday midnight. This is the second hike in petrol price in over two weeks. ...
06:19 PM, Mar 01, 2013
Politicians across the board have criticised the recent hike in fuel prices. Key UPA ally DMK on Saturday condemned the petrol price hike and demanded that government retain its control on pricing of petroleum products besides seeking a change in pricing policy. ...
03:04 PM, Feb 16, 2013
Petrol price was on Tuesday evening hiked by about 35 paise per litre in line with firming raw material cost. Petrol will cost Rs 67.56 per litre in Delhi with effect from midnight Tuesday, industry sources said. ...
11:18 PM, Jan 15, 2013
Surajkund: Prime Minister Manmohan Singh on Friday justified recent "difficult" decision to hike prices of petroleum products and asked Congress cadres to have confidence in these measures arguing these were necessary. "We have to make all out efforts to change the conditions that affect the rapid growth of the country's economy," he said addressing a dialogue meeting of top Congress leaders in this picnic town on the outskirts of the...
11:46 PM, Nov 09, 2012
New Delhi: Petrol price was on Saturday hiked by 29 paise per litre and diesel by 20 paise after government decided to increase commission paid to petrol pump dealers. Petrol in Delhi from Saturday costs Rs 68.19 per litre as against Rs 67.90 previously. Similarly, diesel rates have been hiked to Rs 47.15 per litre from Rs 46.95, industry sources said. Rates will vary in states due to differential in...
02:34 PM, Oct 27, 2012
New Delhi: Federation of All India Petroleum Traders, an umbrella body which claims to represent most of the 42,000 petrol pump operators in the country, on Sunday said it has no plans to go on strike as the government was considering raising dealers commission. FAIPT said there was "no truth" in petrol pumps not making any fuel purchases on October 1 and 2. "Petrol pumps all over the country shall...
10:29 AM, Sep 30, 2012
New Delhi: Bharatiya Janata Party (BJP) leader Arun Shourie on Monday said that he supported Prime Minister Manmohan Singh's decision to raise the fuel prices citing 'increasing growth deficit'. Speaking to IBN18 Editor-in-Chief Rajdeep Sardesai, Shourie said, "I personally support the hike in the prices of petroleum products. It's only when prices of fuel are increased that alternate power sources will become viable." However, Shourie blamed the Prime Minister for...
12:31 PM, Sep 24, 2012
Jamshedpur: Not hiking diesel prices could have led to suppressed inflation, State Bank of India Chairman Pratip Chaudhuri said on Friday. Diesel prices were raised by Rs 5 a litre on Thursday night. The government had no choice but to increase the price of diesel because of the increasing loss incurred by the oil companies, Chaudhuri, who was in the steel city to take part in a function, said. While...
05:43 PM, Sep 14, 2012
New Delhi: The Cabinet Committee on Political Affairs will meet on Tuesday at 5:45 pm and is likely to discuss the fuel price hike. The Cabinet was awaiting UPA Chairperson Sonia Gandhi's return from her foreign trip to take a decision of the fuel price hike. The Oil Ministry had circulated a Cabinet note on fuel price hike. Finance minister P Chidambaram was reportedly pushing for a hike in fuel...
09:16 AM, Sep 11, 2012
New Delhi: The Centre may finally bite the bullet and hike fuel prices soon. Oil minister Jaipal Reddy speaking on Friday, though, ruled out an immediate hike, but he warned of painful decisions that need to be taken. The Oil Ministry has circulated a Cabinet note on fuel price hike. Finance minister P Chidambaram is reportedly pushing for a hike in fuel prices. A final decision will be taken after...
02:25 PM, Sep 07, 2012
New Delhi: A hike of Rs 5 per litre in petrol price is likely to be announced in the next 24 to 48 hours. According to official sources, the Oil Ministry may allow the oil manufacturing companies to announce the hike. According to Oil Ministry sources, the Prime Minister's Office (PMO) and the Finance Ministry are on board for the price hike. Sources also said that though the Cabinet note...
06:56 PM, Sep 06, 2012
Bolpur: Sticking to her stand of hitting the streets against the rise in fuel prices, West Bengal Chief Minister Mamata Banerjee on Friday said she would not let the Marxists take advantage from her confrontations with the Congress-led UPA. "I have always protested whenever the central government has increased the prices of petrol and diesel. I don't support price rise of oil. I will continue to protest against this price...
06:38 PM, Jul 27, 2012
New Delhi: West Bengal Chief Minister Mamata Banerjee has once again hit out at the Centre over the latest hike in petrol price, terming it as unfortunate and wrong. The Trinamool Congress chief also demanded a rollback of the decision. This came two days after Banerjee on Monday slammed the latest hike of petrol price "without consulting allies" and demanded its immediate rollback till a long-term policy evolved after consulting...
07:37 PM, Jul 25, 2012
Kolkata: West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee on Monday slammed the latest hike of petrol price "without consulting allies" and demanded its immediate rollback till a long-term policy evolves after consulting all political parties. "We have learnt from news reports that there has been a fresh hike in petrol prices. We do not support this. We are deeply unhappy. TC will protest it," Banerjee said. She...
11:09 PM, Jul 23, 2012
