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.
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