Petrol price increases by Rs 2.96 per litre

Written by: Abdul Nisar
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Fuel price hike
New Delhi, Dec 14: Central government has decided to raise the price of petrol by Rs 2.96 per litre. The new hike came due to the price rise of crude oil in international market.

The state-running oil marketing firm Bharat Petroleum Corporation Limited (BPCL) will increase the price by Tuesday, Dec 13 midnight.

Sources said that other government firms Indian Oil Corporation Ltd (IOCL) and Hindustan Petroleum Corporation Limited (HPCL) are likely to increase the price on Thursday, Dec 16. The price of diesel also will be increased by Rs 4.00 or more.

It was the fourth time the oil companies raising the price of petrol after government sanctioned the freedom to hike the price according to international market price.

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