BPCL hikes petrol prices by Rs2.96 per litre

14 Dec 2010

1

State-run oil marketing firms, including Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation, are raising petrol prices by Rs2.95 per litre this week on the back of a steep rise in crude oil prices.

BPCL is reported to have already effected the price hike beginning midnight tonight while the other oil companies are expected to follow suit soon.

BPCL hiked petrol prices by Rs2.96 per litre effective midnight tonight.

While the OMCs are expected to leave diesel prices untouched for now, they are expected to announce a moderate hike in its price by next week.

With crude prices ruling at $90 a barrel, state-run oil marketing companies are losing Rs4.17 per litre on selling petrol.

The basket price of crude that India buys stood at $89.34 a barrel yesterday.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers