Increase in petrol prices after 1 year : India

Thursday, July 2, 2009

To stem the losses of state owned retailers, the government have finally decided to increase the petroleum prices. With the increase, the petrol price became Rs.4 / per litre expensive while the diesel became Rs.2 / per litre expensive. Other type of oil prices were remained un-changed.

Last time the fuel prices were raised was on 4th June, 2008. Though there after there were 2 cuts in fuel prices in December, 2008 and Janaury 2009 respectively.