Petrol dearer by about Rs. five per litre from midnight

Petrol dearer by about Rs. five per litre from midnight
Ahmedabad, 14 May, 2011




There’s yet another fuel price hike which is to be effective from midnight today. The government of India allowed state-run oil marketers to raise petrol price today. As a result, Oil companies have hiked petrol price by Rs. 5 per litre.

The government controls price of diesel, cooking gas and kerosene. State-run oil marketers are free to revise petrol price but never do it without a cue from the oil ministry’s.

PTI reports that hike in prices of Diesel and LPG are unlikely to be hiked as of now.

Crude slid below $100-level on the news of Osama bin Laden’s killing on May 2. The development lifted expectations of stability in West Asia and pushed up the dollar against all major currencies.


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