Govt oil companies hiked petrol price by Rs 3.14 per lt; LPG likely to cost more
Government oil companies on Thursday hiked petrol price by Rs 3.14-3.32 per litre after decline in rupee's exchange value increased the cost of buying crude oil and widened losses from fuel sales.
Petrol price in Delhi has been hiked by Rs 3.14 a litre to Rs 66.84 per litre with effect from midnight on Thursday, a press statement issued by Indian Oil Corp, the nation's largest fuel retailer, said.
Separately, an Empowered Group of Ministers headed by finance minister Pranab Mukherjee is likely to consider tomorrow limiting supply of subsidised LPG cylinders to 4-6 per household in a year.
The move, aimed at cutting the government's fuel subsidy bill by about Rs 20,000 crore, would result in every household being supplied only 4-6 LPG cylinders at subsidised price of Rs 395.35 in Delhi and they will have to pay the market price of Rs 666 per bottle for any for more details....http://www.indiareport.com/India-usa-uk-news/latest-news/1086113/Business/4/30/4
Petrol price in Delhi has been hiked by Rs 3.14 a litre to Rs 66.84 per litre with effect from midnight on Thursday, a press statement issued by Indian Oil Corp, the nation's largest fuel retailer, said.
Separately, an Empowered Group of Ministers headed by finance minister Pranab Mukherjee is likely to consider tomorrow limiting supply of subsidised LPG cylinders to 4-6 per household in a year.
The move, aimed at cutting the government's fuel subsidy bill by about Rs 20,000 crore, would result in every household being supplied only 4-6 LPG cylinders at subsidised price of Rs 395.35 in Delhi and they will have to pay the market price of Rs 666 per bottle for any for more details....http://www.indiareport.com/India-usa-uk-news/latest-news/1086113/Business/4/30/4
