Follow us on
Welcome Guest! You are here: Home » Business & Economy
Petrol hiked by 60 paise/litre, diesel by 50 paise
Friday February 28, 2014 9:24 PM, IANS

Petrol price was raised Friday by 60 paise a litre, minus taxes, while the diesel rate was hiked by 50 paise per litre. The revised prices will take effect from midnight, it was announced.

Diesel prices were last increased by 50 paise per litre on Jan 31, while petrol price was kept unchanged.

Allowing for local taxes, the price of petrol per litre will be Rs.73.16 in Delhi, Rs.80.96 in Kolkata, Rs.82.07 in Mumbai and Rs.76.48 in Chennai, while that of diesel per litre for the four metros, respectively, will be Rs.55.48, Rs.60.09, Rs.63.86 and Rs.59.17.

Announcing the rates, Indian Oil specified that the petrol hike in Mumbai, Kolkata and Chennai is "due to revision in state specific cost".

While the price of petrol is market determined, the diesel price increase is in line with the government's January 2013 decision to raise rates by 50 paise every month till the entire under-recovery, or losses, on sale of diesel are wiped out.

Share this page
Note: By posting your comments here you agree to the terms and conditions of
comments powered by Disqus
| Quick links
Contact us
Subscribe to: RSS » Facebook » Twitter » Newsletter Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.
© 2012 Awaz Multimedia & Publications. All rights reserved.