Petrol price hiked by Rs 1.40/litre from midnight

March 01, 2013 18:01

The price of petrol has been hiked by Rs 1.40 per litre, excluding VAT, with effect from midnight. This is the second hike this year. Petrol price was hiked by about 35 paise per litre in line with firming raw material cost on January 15.

Prices vary from city to city due to differential local sales tax or Value Added Tax (VAT) rates.

Petrol price was cut twice in October and November - first by 56 paise and then by 95 paise per litre.

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