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Petrol Price Hike in India 2013 By Rs 1.50 Reasons Latest News & Updates

Again Petrol and diesel price has hiked from today 16th January, 2013. Petrol price has increased by Rs. 1.50 per litre and diesel has increased by 45 paise. This hike in petrol and diesel does not include sales tax or value added tax (VAT). Afetr including Sales tax and VAT the actual price will be more than as announced.




Indian Oil Corporation (IOC), the nation's largest fuel retailer recently announced a price hike of Rs 1.50 per litre in petrol.

Petrol prices in Delhi will increase by almost Rs. 1.80 per litre after including a 19 per cent VAT. Diesel rates will increase by 51 paise. Then in Delhi the new price of petrol will be Rs. 69.05 per litre, while diesel per litre will be of Rs. 48.16. The diesel rate was raised in line with last month's government decision to allow oil firms to raise prices in small dozes every month till over Rs 10.  With this small hike in petrol and diesel now you need to pay Rs. 1.50 per litre extra for petrol and 45 paise extra for diesel. However on different petrol pumps rates may vary by a few paise.

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