Petrol price hiked by Rs 1.80 a liter
The petrol prices in the country have gone up by Rs 1.80 yet again. This is the fourth revision of the petrol prices during this year and second time in the past two months. The petrol price was raised by Rs 3.14 only in last September and the state owned oil companies including the Hindustan Petroleum, Indian Oil Corporation and Bharat Petroleum have decided to hike the petrol price by Rs 1.80 to make up for the losses. Although the crude oil prices have decreased in reality by $3 from $108 a barrel to $105.6, the oil companies have decided to go ahead with the price hike.