|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Oil marketing companies have decided to go for a hike of Rs 2 a litre in retail selling price of petrol with effect from midnight on Saturday.
Prices of petrol were last revised upwards on June 1 by Rs 0.75 a litre (excluding state levies) mainly on account of devaluation of the rupee.
Since last price change, the rupee has further depreciated from 55.32 per dollar to 57.08 per dollar. Further, international petrol prices have also hardened during this period.
"The combined impact of both these factors, mainly depreciation of the Rupee, has warranted the increase in MS prices by Rs 2 a litre (excluding VAT)," an IndianOil Corporation statement said.