steep hike in petrol prices in india
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Steep hike in petrol prices in India

Arab Today, arab today

Arab Today, arab today Steep hike in petrol prices in India

New Delhi - KUNA

The petrol price in India was hiked by nearly 11 cents per litre on Wednesday evening. The new prices in different cities would come into effect from midnight. The actual price at which the fuel would be available in different Indian cities would depend on the amount of tax imposed. In Delhi, it would be dearer by 13 cents and priced at USD 1.30 per litre, while in the financial capital Mumbai it would cost nearly USD 1.40 per litre. This is being described as the steepest hike ever in petrol prices in the country. In a statement, the country's largest oil firm "Indian Oil" said: "Given the losses being incurred, the Company is compelled to increase the price of petrol by Rs.6.28 per litre (11 cents) with effect from midnight. This excludes losses already suffered till date during current financial year 2012-13, which would require an additional increase of around Rs. 1.50 (two cents) per litre in selling price of motor spirit (MS) for balance part of the year." Fuel prices in India were deregulated in June 2010. Meanwhile, the main Opposition party the Bharatiya Janata Party (BJP) reacted strongly to the steep hike in petrol price. Party spokesman Ravu Shankar Prasad said: "This whole petrol price hike is clearly unreasonable, arbitrary and is condemned as it will put further inflationary pressure and lead to further rise in prices. Life of the common man will become more difficult and miserable." Warning of raging protests across the country against the price hike, he demanded an immediate rollback. A key alliance partner in the Centre Government - the Trinamool Congress has also shown dismay at the steep price hike. Mamata Banerjee, the party chief and Chief Minister of eastern most state West Bengal, said she was not consulted by the Congress-led Centre Government before taking the decision to increase the petrol prices. It is strongly believed that the steep hike in petrol prices would most likely trigger angry protests across the country.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

steep hike in petrol prices in india steep hike in petrol prices in india

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

steep hike in petrol prices in india steep hike in petrol prices in india

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday