Petrol prices up by 72 paise a litre
PRESS TRUST OF INDIA
New Delhi, Oct 16: Indian Oil Corporation, India’s largest fuel retailer, today hiked petrol prices by 72 paise a litre effective midnight Saturday.
IOC sources said after the hike, petrol in Delhi will cost Rs 52.55 a litre and the rate in other cities will vary depending on local taxes and levies.
While Bharat Petroleum Corporation Ltd had yesterday announced a 70 paise per litre increase in petrol prices, Hindustan Petroleum Corporation is expected to follow suit in a day or two.
The government had in June freed petrol pricing from its administrative control, allowing the state companies to fix rates in line with the cost of production.
This is the second increase in petrol prices since June this year.
Lastupdate on : Sat, 16 Oct 2010 21:30:00 Makkah time
Lastupdate on : Sat, 16 Oct 2010 18:30:00 GMT
Lastupdate on : Sun, 17 Oct 2010 00:00:00 IST
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