Petrol price was on Friday hiked by Rs 1.40 per litre,
the second big increase in rates in as many weeks.
A rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in
price of petrol with effect from midnight on Friday night, said a statement by Indian Oil Corporation.
The hike is excluding local sales tax or VAT and the actual increase in rate for consumers will be higher after including the tax incidence.
The previous petrol price hike was Rs 1.50 a litre excluding VAT on February 16.
A rise in international oil prices and depreciation in rupee have necessitated a Rs 1.40 per litre increase in
price of petrol with effect from midnight on Friday night, said a statement by Indian Oil Corporation.
The hike is excluding local sales tax or VAT and the actual increase in rate for consumers will be higher after including the tax incidence.
The previous petrol price hike was Rs 1.50 a litre excluding VAT on February 16.
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