Petrol/Diesel Price Increased @Rs.1.50/-Per Litre.

[Deep.S]

NEW DELHI: Petrol and diesel prices were on Thursday hiked by Rs 1.50 per litre after government raised excise duty on the two fuel to mop up an additional revenue of about Rs 13,000 crore.The fall in international oil prices had resulted in six consecutive reduction in petrol prices since August and two in diesel in the last one month and there was possibility of another round of cuts this weekend.But the possible reduction has now been negated as the the government decided to raise excise duty to shore up its revenue.Excise duty on normal or unbranded petrol was hiked from Rs 1.20 per litre toRs 2.70 per litre and unbranded diesel from Rs 1.46 a litre to Rs 2.96, a government notification said.The same on branded petrol was raised from Rs 2.35 a litre to Rs 3.85 and on branded diesel from Rs 3.75 to Rs 5.25 per litre.

Read:-
Petrol, diesel prices increased by Rs 1.50 per litre - TOI Mobile | The Times of India Mobile Site

 

[ssjambla]

false news yr.....see abp news now.....

 

[shawl_who]

this has been done to boost govt finances... may be thought ppl are ready to pay higher amt... so too much reduction in price is also not required :angry