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Rediff.com  » Business » Petrol price may be hiked by Rs 5, diesel by Rs 3

Petrol price may be hiked by Rs 5, diesel by Rs 3

Last updated on: May 17, 2012 16:19 IST

Petrol price may be hiked by Rs 5, diesel by Rs 3

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Fuel prices are likely to be hiked again after the Parliament's Budget session ends on May 22.

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Photographs: Reuters.
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Petrol price may be hiked by Rs 5, diesel by Rs 3

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According to a Times of India report, petrol price may be hiked by Rs 5, diesel by Rs 3 and LPG cylinder by Rs 50.

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Photographs: Reuters.

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Petrol price may be hiked by Rs 5, diesel by Rs 3

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Hinting at a fuel price hike, Finance Minister Pranab Mukherjee said in Parliament last week that it was impossible for the government to maintain the current level of fuel subsidies.

He said the government would have to address the under-recoveries of oil marketing companies Indian Oil, Bharat Petroleum and Hindustan Petroleum.



Photographs: Reuters.

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