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Another petrol price hike soon

New Delhi, Jun 10: Another petrol price hike is on the cards with the rupee going down heavily against the US dollar. Sources in the petroleum ministry said, a review meeting will take plce on
another petrol price hike soon - India TV
India TV News Desk June 10, 2013 11:19 IST
New Delhi, Jun 10: Another petrol price hike is on the cards with the rupee going down heavily against the US dollar.



Sources in the petroleum ministry said, a review meeting will take plce on June 15, after which a hike of Rs 1 to Rs 1.25 per litre in petrol price would be made by state-owned oil companies.

With rupee breaching the 57.5 per dollar mark and settling at a life-time low, oil companies are worried about the impact it would have on their balance sheets.



 

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