New Delhi: Adding to the series of fuel price hikes, the government on Saturday decided to increase diesel price for bulk consumers by almost Re 1 per litre and non-subsidised LPG rates cut by Rs 37.5 per cylinder.
Meanwhile on Friday, Petrol price was hiked by Rs 1.40 per litre, the second big increase in rates in as many weeks.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 Friday, said a statement by Indian Oil Corporation (IOC).
The hike is excluding local sales tax or VAT and the actual increase in rate for consumers will be higher after including the tax incidence.The previous petrol price hike was Rs 1.50 a litre excluding VAT on February 16.
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.
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.
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