Petrol price increased Rs.2 per liter: New price of addtional Rs.2 per liter petrol is imposed due to international crude oil prices touching USD 90 per barrel.
Indian Oil IOC (largest fuel retailer in India) said as “We would have raised petrol prices yesterday… we had the oil ministry consent to hike prices by Rs.1.90 to 1.95 per liter immediately after the winter session of parliament ended yesterday, but at the last moment we are asked to wait for one or two more days “.
As per our reports all retailers such as IOC, Hindustan Petroleum and Bharat Petroleum are currently experiencing Rs.4.71 per liter loss on selling petrol.
In indian shares of oil marketing companies gained momentum after Bharat Petroleum raised petrol price by Rs 2.95 per litre in Delhi from Wednesday. IOC and Hindustan Petroleum will finalising new petrol rates in 1 or 2 days.
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