New Delhi: Petrol prices likely to increase by Rs1.82 per litre as a fall in rupee has increased the cost of imports of the raw material (crude oil).
This will be the second hike in petrol prices in as many months.
As reported, HPCL Director (Finance) Mr. B. Mukherjee said, “Now, there are some losses on petrol. So to cover them up, we may have to increase prices”.
Mr. Mukherjee however did not tell anything about the exact date on which the petrol price will be hiked.
It is noteworthy to mention that last on 16 September, State-owned oil companies like Indian Oil, Hindustan Petroleum and Bharat Petroleum had hiked petrol prices by Rs3.14 per litre.