Three state owned companies such as Indian oil, Hindustan petroleum, Bharat petroleum were very happy after getting the deciding authority of fuel prices in India from the petroleum ministry. The three state owned oil companies again doing their job well by increasing the petrol prices and this time they increased Rs.1.82/liter.
Yes! The fifth hike within this year and second hike within the last 2 months. Here is the list that shows various petrol hike figures that had been carried out within this year itself,- January – 2.5 Rs/ltr
- May – 5 Rs/ltr
- July ~ 0.33 paisa/ltr
- September – 3.14 Rs/ltr
- November – 1.8 Rs/ltr
When asked about this fuel hike issue to oil companies they claimed that they were losing Rs.1.50 and after revising the tax rates they increased Rs.1.82/lit in petrol price.
