Petrol, diesel prices hiked

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Petrol, diesel prices hiked

August 31, 2003 18:05 IST
Last Updated: August 31, 2003 18:16 IST

Reflecting the hardening of international crude prices, oil companies on Sunday announced a hike in petrol and diesel prices, effective Sunday midnight.

As per the new prices, hiked for the first time since March, petrol would cost Rs 32.40 per litre in Delhi, Rs 37.42 in Bombay, Rs 35.39 in Chennai and Rs 35.26 in Calcutta.

Likewise consumers would have to pay higher prices for diesel at Rs 20.33 per litre in Delhi, Rs 25.75 in Mumbai, Rs 22.67 in Chennai and Rs 22.53 in Calcutta.

The national oil companies - IOC, HPCL, BPCL – jointly hiked the prices saying it had become inevitable due to increase in international crude prices amidst reports that the United States's inventory of oil had come down significantly.

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	Number of User Comments: 6

	Sub: its one or the other......... people have become immune to the price hikes its one or the other spurt of price every now and then, common people are now waiting ... Posted by parmeet sahni

	Sub: ptrl dsl price the oil compnies tend to increase the prices imm after a revision in the intl oil prices while take a very long time to reduce ... Posted by lokesh

	Sub: increase in price lead to empty of pockets well with the increase prices touching the sky expenses r ireases.people have to run there vehicles with water which gives the min. expenditure Posted by venkat

	Sub: Oil Price HIke Can't grumble about the decision. Simple logic is that the people shouild bear the hike if they can afford otherwise let them cut down avoidable ... Posted by T R Anand Rao

	Sub: And we though it would become cheaper. With a stronger rupee and a little smaller fuel bill, the general impression was that the fuel prices will be somewhat cheaper. Posted by chanakya

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