Petrol to cost about Rs 7.54 a litre more, highest ever hike

Govt. announce the steepest ever increase in petrol rates on Wednesday about a massive Rs 7.54 per litre, the first hike in rates in six months. Petrol price in Delhi has been hiked by Rs 7.54 per litre to Rs 73.18 a litre with effect from midnight tonight, state-owned oil companies said in separate but identical press announcements. This is the steepest hike in petrol price ever, the previous high being Rs 5 per litre. Oil firms had twice raised rates by Rs 5 per litre - on May 15, 2011 when prices in Delhi were hiked from Rs 58.37 a litre to Rs 63.37 per litre and on May 24, 2008 when rates were raised to Rs 50.56 a litre. Petrol in Mumbai will cost Rs 78.57 per litre as against Rs 70.66 a litre, at present. In Kolkata, the increase will be Rs 7.85 per litre to Rs 77.88 per litre and Chennai saw rates going up by Rs 7.98 to Rs 77.53 per litre. On Tuesday, Oil Minister S Jaipal Reddy had stated that the depreciation in rupee had necessitated an immediate increase in fuel prices. Price of diesel, kerosene and cooking gas were last raised in June last year. In Jaipur petrol price is increased by Rs. 6.28, if we include local tax and VAT, total hike is Rs. 7.92, so Now Petrol price is Jaipur from today onward will be Rs. 76.88 instead of Rs. 68.76 previously.