Petrol prices in India have increased and it will be costlier by 75 paise per litre (exclusive of state, local and other taxes). The changes to the prices have come into effect from the midnight of January 4, 2014.
Petrol will now cost Rs 79.52 per litre in Mumbai. Before this price hike, petrol was priced at Rs 78.56 per litre. The price hike is because of the Government’s decision to increase the commission that is paid to petrol pump dealers.
The government had recently raised the fuel prices for the same reason. Though fuel station owners might have the Government’s decision in their favour and secured a raise in their commission, it is the common man who always has been facing the brunt of such price hikes.