Petrol prices may be hiked by up to Rs 2.25 per litre

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The state-run oil marketing companies may decide to hike petrol prices by up to Rs 2.25 per litre, in their scheduled meeting on Saturday as the Indian currency has weakened against the US dollar making imports costlier..

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    Petrol prices today were lowered by 21-22 paise per litre in Delhi, Kolkata, Mumbai and Chennai, compared with the previous day's rates. Diesel prices were decreased by 15-16 paise per litre, according to Indian Oil Corporation. Friday marked the tenth straight day of price cut for petrol and ninth in 10 days in case of diesel. State-run oil marketing companies - with Indian Oil Corporation being the country's largest - currently review the prices on a daily basis, tracking global crude oil and rupee-dollar forex rates, among other factors. Domestic petrol and diesel prices are effected at fuel stations at 6 am every day.


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