Millennium Post

Petrol, diesel prices up by over Rs 3/ litre

Petrol price was hiked by Rs 3.18 per litre on Saturday, the third increase this year, and diesel by Rs 3.09 per litre. The hike comes just few hours after Arun Jaitley presented his maiden full year Budget.

The hikes, effective from midnight, are excluding local sales tax or VAT and actual increase will be higher and will vary from city to city. A litre of petrol in Delhi will cost Rs 60.49 from Sunday as against Rs 57.31 currently while diesel will cost Rs 49.71 per litre as against Rs 46.62 at present, oil companies announced here on Saturday. Prior to the increases this month, petrol price had been cut on 10 occasions since August 2014 and diesel six times since October 2014. Cumulatively, petrol price had been cut by Rs 17.11 per litre in 10 reductions since August and diesel by Rs 12.96 a litre since its deregulation in October.
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