Petrol and Diesel prices were hiked on wednesday by Petroleum Ministry……………….. Read More
Fuel Prices in india hiked Wednesday, Jun 4 2008
News Diesel Price, Fuel Price Hike, Fuel Prices, Indian News, LPG Gas, LPG Gas Price, National News, News, Petrol Price, Politics 8:05 am
July 10, 2008 at 8:50 am
hi everybody.
Inflation is bound to cross a 13-year high of 9 per cent, from the current level of 8.1 per cent, as a result of the sharp hike in petrol and diesel prices, economists said. Petrol has a weight of 0.88 per cent, while diesel has a weight age of over 2.0 per cent in the Wholesale Price Index, on the basis of which inflation is calculated.State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum were together projected to lose Rs 2,46,600 crore on sale of petrol, diesel, domestic LPG and PDS kerosene in 2008-09 in absence of any price hike or duty cut The three firms are currently selling petrol at a loss of Rs 21.43 a litre, diesel at Rs 31.58 per litre, LPG at Rs 352.99 per 14.2-kg cylinder and kerosene at a discount of Rs 35.98 per litre.
Ravi shankar
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