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Price of petrol raised again

Posted on: 01/Mar/2013 6:47:49 PM - No. of views : (2040)
Petrol prices in the country will be increased by Rs. 1.40 with effect from midnight on Friday, said the Indian Oil Corporation (IOC).

An official press release said, �The price increase has been necessitated by two factors�the international gasoline (petrol) prices have increased from USD 128.57 per barrel to USD 131.00 a barrel since the last revision; and the rupee has depreciated from Rs 53.43 to Rs 54.15 per US Dollar during the period.�

A litre in New Delhi will now cost Rs. 70.74 and Rs. 77.66 in Mumbai.