Petrol price hike: Cost of petrol in your city

Government oil companies hiked petrol price by Rs 3.14-3.32 per litre after decline in rupee's exchange value increased the cost of buying crude oil and widened losses from fuel sales.

Petrol price will vary from city to city due to differential rates of local sales tax. This is the second hike in four months. Oil companies had last hiked petrol price by Rs 5 per litre on May 15.

IOC, BPCL and HPCL lost Rs 2,450 crore this fiscal on selling petrol below the cost.

Besides petrol, the three firms are losing Rs 263 crore per day on selling diesel, domestic LPG and kerosene below cost. Diesel is being sold at a subsidy of Rs 6.05 a litre, kerosene at Rs 23.25 per litre while domestic LPG rates are under-priced by Rs 267 per 14.2-kg cylinder.

Following are the revised rates of petrol in the four metros after today's decision to hike prices by over Rs 3 per litre:



Source: www.economictimes.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd