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Petrol and Diesel Price to increase again


Last Updated:   Category: General    
Author: Member Level: Gold    Points: 10 (Rs 10)


UPA Government is going to increase the Petrol and diesel for the fifth time in last 18 months due to the loss for Indian Oil Companies.



Hike in Petrol and Diesel Price again.

Be ready to get paid from your pocket in coming day, we are going to see hike of both in petrol and diesel in between 3 to 5 Rs. It is not only the Petrol and Diesel which will be increase, the price hike is also going to be done for the LPG Gas between Rs 25 – 100 in order save the Oil Industries.

This will be the fourth hike by the UPA Government in last 1 year and the highest price in the history of India. The price hike is brought under consideration with the global crude oil price in the international market which is currently at $70+.

Pranab Mukherjee has setup a committee called Kirit Parikh panel which had recommended an increase of Rs 6 per litre of kerosene and Rs 100 per cooking gas cylinder. However, the price hike with some relief in the global crude prices has made the government to reconsider the hike in the price of all and got them down to 3 to 5 Rs for petrol and diesel and LPG gas around 25- 50 Rs.

The Indian Oil companies are making a loss of 100+ crores on single day. Some of the facts are Hindustan Petroleum and Bharat Petroleum currently sell petrol at a loss of Rs3.35 per litre, diesel at a loss of Rs3.49 per litre, kerosene for the public distribution system at a loss of Rs18.82 per litre and LPG at a loss of Rs261.90 for every 14.2-kg cylinder.

The hike in any petrol, diesel and LPG cylinders will be political scenario with all parties protesting again it and due the increase in the price of other commodities which are still not stable. A increase any of the above will again hit the pocket of the people or "AAM Aadami".

Here you go find the Price what you need to pay Price hike for Petrol, Diesel and LPG
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Read related articles: Petrol and Diesel Prices    Political News    

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Responses to "Petrol and Diesel Price to increase again"
Author: Deepa    30 May 2011Member Level: Gold   Points : 1
Hi All,

After the hike of Rs.5/- immediately after the election were completed in the 5 states.

UPA Government and Indian Oil Companies have decided to increase another 1 Re, stating that this rise will be done by the state run oil companies.

This hike date is yet to decided when it will be implemented. It can be done with the hike of LPG Gas and Kerosene which is slated on June 1st.

Or the Companies can wait till there is any change in the Global crude oil market.

However, be read to pay more for the petrol in coming days.



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