Petrol Prices Burn Rs. 1.82 per litre from midnight

State-run oil companies today hiked petrol prices by Rs 1.80 per litre to offset the fall in rupee that has made imports of crude costlier.

This is the second hike in petrol prices in less than two months and it came on a day when the food inflation rose “dangerously” to 12.21 percent for the week ended 22 October.

Indian Oil, Hindustan Petroleum and Bharat Petroleum this Govt. companies had earlier hiked petrol prices by Rs 3.14 a litre on 16 September when the rupee was ruling at about 48 to a US dollar. The local currency has depreciated further. The rupee today closed at 49.14/15 against the American currency. So they are in loss near about 1 lack 30 thousand crore that's why petrol prices increase.

Pointed out that this hike of Rs 1.82 per litre of petrol has come at a time when the country is already reeling under a whopping food inflation which has remained untamed for the last three years and overall inflation remains unabated.

Basu said that the hike has also come at a time when the petroleum ministry has already announced moves to hike diesel and cooking prices. The CPI-M leader said that it will lead to rise in prices of essential commodities.

Indian Oil will increase prices like?

Mumbai-

Before - 71.62 Rs

Now  -  73.42 Rs.

Pune -

Before - 71.83 Rs.

Now  -  73.63 Rs.

Nashik-

Before - 71.54 Rs.

Now  -  73.34 Rs.

Kolhapur-

Before - 73.75 Rs.

Now  -  75.55 Rs.

Nagpur-

Before - 73.96 Rs.

Now  -  75.76 Rs.

Aurangabad-

Before - 71.80 Rs.

Now  -  73.60 Rs.