Petrol prices hiked by Rs. 4 a litre; diesel up Rs. 2

Wednesday, July 1, 2009, 19:35 [IST]

New Delhi, July 1 (ANI): The Centre on Wednesday announced a rise in the price of petrol and diesel by Rs. 4 and Rs.2 per litre, respectively.

The Petroleum Minister, Murli Deora, here today, made the announcement and said that the new rates will come into effect from Wednesday mid-night.

The Government was constrained to revise the rates since long time, following heavy losses being borne by the petrol companies due to unstable crude oil prices in international market.

Crude oil prices, which had sunk to 35 dollars level, are presently hovering around 70 dollar mark.

Union Minister for Petroleum and Natural Gas Murli Deora had recently favoured an increase in petrol prices.

The prices for Kerosene oil and Liquefied Petroleum Gas (LPG) will remain unchanged. (ANI)

Topics: by, diesel, litre, petrol, prices, rs, up

Other articles published on July 1, 2009

'Nationwide agitation on price rise from Aug 16'

Monday, July 9, 2007,16:48 [IST]

Vijayawada, July 9: Communist Party of India (Marxist) Central Secretariate Member V Srinivasa Rao today said the party would conduct a nation-wide agitation from August 16 to 31 on the issues like price rise, unemployment and alleged anti-people policies of the Congress-led UPA Government at the Centre. Talking to mediapersons here, Mr Rao said the decision to launch an agitation was taken by the Central committee, which held a meeting for three days in New.....

No immediate hike in petrol, diesel prices: Govt

Tuesday, July 3, 2007,18:35 [IST]

New Delhi, July 3: Petroleum Minister Murli Deora today ruled out any immediate hike in petrol and diesel prices. ''Right now, there is no plan to increase the petrol and diesel prices,'' the minister told reporters here after reports that the Government was considering a Rs 2 per litre hike in petrol and Re 1 a litre raise in diesel prices. To compensate losses incurred by the oil companies, Mr Deora said he.....

Limitless Updates

Business News

News Archives

Ministry seeks hike in prices of petroleum products

Wednesday, June 27, 2007,18:43 [IST]

New Delhi, June 27: Petroleum and Natural Gas Ministry has sought across-the-broad increase in prices of petrol, diesel, kerosene and LPG, estimating that oil marketing companies (OMCs) would collectively suffer a loss of about Rs 50,400 crore in the current financial year, if the hike is not effected. It, however, remains to be seen how the consultative committee of MPs for the ministry respond to the request when it meets here tomorrow. Stating.....