Everything will act pricier because with petrol prices rising, everything that requires transportation will be costlier.
That includes personal transport as well as raw materials for industry and food for us.
I guess that's why petrol is the fuel of any economy
That includes personal transport as well as raw materials for industry and food for us.
I guess that's why petrol is the fuel of any economy
Check this out :-
Indian Oil Corp. Ltd (IOC) is raising its price by Rs. 3.14 per litre and Hindustan Petroleum Corp. Ltd (HPCL) by Rs. 3.16 a litre in Delhi. After the latest increase, petrol will cost Rs. 66.84 a litre at IOC outlets in Delhi, Rs. 71.92 in Mumbai, Rs. 71.28 in Kolkata and Rs. 70.82 in Chennai.
Indian Oil Corp. Ltd (IOC) is raising its price by Rs. 3.14 per litre and Hindustan Petroleum Corp. Ltd (HPCL) by Rs. 3.16 a litre in Delhi. After the latest increase, petrol will cost Rs. 66.84 a litre at IOC outlets in Delhi, Rs. 71.92 in Mumbai, Rs. 71.28 in Kolkata and Rs. 70.82 in Chennai.
Next on the line as proposal is the LPG prices. A plan includes a cost of 390Rs for the first 4 cylinders per year and the remaining used for the year will have an additional tag of 407Rs which will make it to 797Rs. It really doesn't sound good to hear but will do good for the govt to earn some money. :/
Note: Prices that I have quoted are approximate.
Note: Prices that I have quoted are approximate.
Petrol Price Increase To Impact Inflation Marginally, Indian Industry
The price increase of petrol in India would lead to a minimal rise in inflation, industry bodies CII and FICCI. The oil marketing firms hiked petrol prices by Rs 3.14 per litre. This is the second hike in four months. Oil companies had last hiked petrol price by Rs 5 per litre on May 15. General and food inflation remain near the double-digit, causing problem for the common-man, the report added.