Petrol Price Hiked by Rs 1.40 Today: Again second time during past month Petrol price was hiked by Rs 1.40 per litre from Friday.
Indian Oil Corporation (IOC) said that a rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in price of petrol with effect from midnight Friday. The trends of international oil prices and Rupee-USD exchange rate shall be closely monitored and the same shall be reflected in future price changes.
This petrol price will be higher than it is recently announced because the price which is announced is excluding of local sales tax or VAT. Consumer need to pay the money for petrol with local sales tax or VAT.
This petrol price will be higher than it is recently announced because the price which is announced is excluding of local sales tax or VAT. Consumer need to pay the money for petrol with local sales tax or VAT.
2nd Time during Past One Month:
In the past month on February 16 the previous petrol price hike was Rs 1.50 a litre excluding VAT.
The increase in price for consumers in Delhi will be Rs 1.68 per litre and the new rate will be Rs 70.74 a litre as against Rs 69.06 a litre currently.
As the statement said there are two reason for increase in petrol price First is that international gasoline (petrol) prices have increased from USD 128.57 per barrel to USD 131.00 a barrel since the last revision; and the rupee has depreciated from Rs 53.43 to Rs 54.15 per US Dollar during the period,".
Petrol in Mumbai will cost Rs 77.66 a litre as against Rs 75.89 per litre currently.
IOC said it will end the fiscal with a revenue loss of Rs 86,500 crore on sale of diesel, LPG and kerosene. The industry, comprising of IOC and two other state firms, will be Rs 163,500 crore during current year.
In the past month on February 16 the previous petrol price hike was Rs 1.50 a litre excluding VAT.
The increase in price for consumers in Delhi will be Rs 1.68 per litre and the new rate will be Rs 70.74 a litre as against Rs 69.06 a litre currently.
As the statement said there are two reason for increase in petrol price First is that international gasoline (petrol) prices have increased from USD 128.57 per barrel to USD 131.00 a barrel since the last revision; and the rupee has depreciated from Rs 53.43 to Rs 54.15 per US Dollar during the period,".
Petrol in Mumbai will cost Rs 77.66 a litre as against Rs 75.89 per litre currently.
IOC said it will end the fiscal with a revenue loss of Rs 86,500 crore on sale of diesel, LPG and kerosene. The industry, comprising of IOC and two other state firms, will be Rs 163,500 crore during current year.