The government had freed petrol price from government control in June but the state-owned oil firms had not raised prices on an 'informal' dictate from the oil ministry.
"The hike needed to make domestic rates at par with international prices was Rs 9.50-10 per litre but oil companies choose to hike rates by just half of that," an industry official said. "Another hike in petrol price is on cards soon."
Cities | Earlier | Now |
Delhi | Rs 58.37 | Rs 63.37 |
Kolkata | Rs 62.5 | Rs 67.5 |
Mumbai | Rs 63.08 | Rs 68.08 |
Chennai | Rs 63.36 | Rs 68.36 |
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