Srinagar, May 23: With the latest hike in petrol prices, the new rate of the fuel in Kashmir valley has been fixed at Rs 78.02 per litre. At present, petrol was selling at Rs 70.52 per litre in the valley.
Curiously in the summer capital, petrol price was Rs 23.05 in 1995 and during the past 17 years its price has been increased by Rs 55.15. In 1995 price of petrol was Rs 23.05 a litre and in 1996 it saw of upward revision of 90 paisa and its price was fixed at Rs 23.95. In 1997 price of petrol was again hiked to Rs 24.75 and in 1998 its price stood at Rs 25.50 per litre.
In 1999 price of petrol in the valley was Rs 26.55 per litre and in 2000 it again witnessed upsurge of Rs 1.27 per litre, making it cost Rs 27.33 per litre.
During 2001, petrol price witnessed many fluctuations. In the beginning of the year, price of petrol per litre was Rs 27.82 and at the end of the same year its price was Rs 30.18.
Same was case in 2002, petrol prices saw many ups and downs. In the beginning of the year, petrol price per litre was Rs 29.10 and till the end of the same year it witnessed many changes and finally at the end of the year, its price was Rs 30.28 per litre.
In 2003, price of petrol was Rs 31.41 per litre and in 2004 its price was Rs 36.30.
Meanwhile in the year 2005, price of petrol increased to Rs 43.92 making it costlier Rs 6.72, in 2006 it again witnessed an increase of Rs 3.03, thus the price was fixed at Rs 46.05.
In 2007, price of petrol was Rs 46.14 a litre and in 2008 its price was Rs 48.13.
But in 2009, prices of petrol dropped by 0.61 paisa, which according to Political pundits was because of the Union elections which Congress Led United Progressive alliance (UPA 2) won.
And from 2010, it is according to experts considered as the bad time for oil companies and general public, which had to shed extra money from the pockets.
In the beginning of 2010, petrol price was at Rs 52.26 per litre and it was revised 10 times in the same year.
From 2010 to 2011 petrol prices witnessed an upsurge of Rs 18.44 and price of petrol per litre at the end of 2011 was Rs 70.70.
In 2012 it was revised to Rs 70.52 per litre and from tomorrow onwards its price will be Rs 78.02.

Lastupdate on : Wed, 23 May 2012 21:30:00 Makkah time
Lastupdate on : Wed, 23 May 2012 18:30:00 GMT
Lastupdate on : Thu, 24 May 2012 00:00:00 IST