Home > Crude Oil & Petroleum, Indian Industry News > Indian Industry News: Petrol prices up in Mumbai

Indian Industry News: Petrol prices up in Mumbai

In the second round of increase in petrol prices since the government lifted its controls on the fuel, state-run Bharat Petroleum has decided to raise its pump price by 70 paise, or 2%, a litre from 15 Oct ’10 midnight. IndianOil Corporation, the biggest fuel retailer, will raise its price from Saturday midnight and Hindustan Petroleum will follow suit after that.

After the increase, unbranded petrol will cost approximately Rs 52.53 a litre, in Delhi, Rs 56.39 in Kolkata, Rs 56.95 in Mumbai and Rs 57.01 in Chennai. IndianOil’s fuel is expected to cost 2-3 paise more as its revision will be marginally higher. There could also be differences of a few paise due to incremental impact of local taxes.

The latest price revision comes less than a month after the last increase. The three state retailers had raised prices by 27 paise a litre on September 20.

Source: Times of India

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