Petrol Price Raised by 1.63 Per Liter From Today..

Petrol Price Raised by 1.63 Per Liter From Today..

PETROL prices were on Friday hiked by Rs 1.63 per litre, the seventh increase since June, on rising oil rates and falling rupee. The increase excludes local sales lax or VAT and will be effective midnight on Friday night, oil firms said.

The petrol price in Delhi will go up by Rs 1.96 to Rs 76.06 per litre, while it will cost Rs 83.63 per litre in Mumbai as against Rs 81.57 currently. 

With this increase, petrol prices have gone up by a massive Rs 10.80 per litre since June, excluding VAT. The price in Delhi has surged by Rs 13.06 per litre. A cut in petrol prices had been expected on September 15/16. the scheduled date for fortnightly revisions, on the back of an appreciating rupee over the past few days. However, the oil firms advanced the date and announced the increase after factoring in the rupee's depreciation in the early part of the month.