Petrol price hiked by 35 paise

Print Posted Date : 16-Jan-2013 , 10:26:37 am | Posted By CASANSAAR

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Petrol price was hiked Tuesday night by about 35 paise per litre in line with firming raw material cost. Petrol will cost Rs 67.56 per litre in Delhi with effect from midnight, industry sources said.

Prices vary from city to city due to differential local sales tax or VAT rates.

This is the first revision in rates of petrol, which was deregulated by the government, since November.

Petrol price was slashed in October and November first by 56 paise and then by 95 paise per litre.

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Umesh Babu Dulal

16-Jan-2013 , 02:11:52 pm

Where petroleum marketing companies do not have formula for calculating the loss based on international market price how come this rise is justified. Remember these companies could not produce the pricing formula before JPC when asked for.