Tuesday, December 14, 2010

Hike in Petrol prices....no not again...

Source (Economic Times): Rs.2.96/Ltr went up in India


Petrol prices went up again in India, sorry but it is true. The oil ministry agreed and gave approval to oil companies to hike up the prices Rs 2.96 per liter. No kidding...they don't care, and ultimately the common man has to suffer.

BPCL, the second largest fuel retailer in the country, took the lead to raise petrol prices by Rs 2.96 a litre to Rs 55.87 per litre in Delhi, sources privy to the decision said. 

Indian Oil Corp (IOC), the largest fuel retailer in the country, and Hindustan Petroleum Corp (HPCL) will do the same by an equal measure tomorrow, sources said. 
It has become a ritual to increase the oil prices in India every few months, with today's increase the petrol price increased Rs 4.44 per liter since deregulation.
The government says they are still loosing the money for selling under rate, and every citizen thinks they are paying more than what it deserves.
It's a never ending process....

1 comment:

  1. as the article said its never ending, politicians r corrupted, govt never friendly with people...so forget every thing....dil pe nahi lene ka....

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