Sun, 14 Jul 2013 18:00:00 GMT | By PTI

Petrol price hiked by Rs. 1.55 a litre

The price of the fuel was increased thrice last month. The rupee, which plays a major role in petrol prices, finished at 59.56/57 to dollar last week


Petrol price hiked by Rs. 1.55 a litre (© Reuters)

New Delhi: Oil companies today hiked the price of petrol by Rs. 1.55 per litre, without taxes. The price of diesel was kept unchanged. The new prices will take effect from midnight.

Oil firms review the price of petrol every two weeks. While petrol price has been deregulated since June 2010 and the price is market determined, the government still controls the price of diesel, and allows only minor revisions.

The price of the fuel was increased thrice last month. The rupee, which plays a major role in petrol prices, finished at 59.56/57 to dollar last week. The currency had hit a record low of 61.21 on July 8.

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