Actual increase in price will be more after taking into account local VAT
Prices of the two main transportation fuels were last hiked on May 1
KJ Alphons had also stirred the hornet's nest by making contradictory remarks on beef recently
Cutting taxes on petrol and diesel will hit the fisc, but long-term solutions would be to extend GST to them and introduce cost-plus pricing for oil firms
Daily revision of petrol and diesel prices has burdened the masses
The International Energy Agency sees 'explosive' growth in US oil output as prices rally
For the tight-budgeted Indian, the petrol and diesel price hike is a serious damper. Here's a guide to petrol and diesel prices in pan India
Prices of diesel and petrol in India have surged to a record high
Twitterati ask why Tinseltown celebrities and other bigwigs are not reacting to the fuel price hike as they did during Manmohan Singh's tenure as the prime minister
"Tomorrow (Wednesday), Union Petroleum Minister (Dharmendra Pradhan) will meet officials of the oil companies on the matter," he added
Petrol and diesel prices have been witnessing a hike in several states across the country over the past few weeks
The petrol price in the state on Wednesday was Rs 82 per litre, while for diesel it was Rs 75
The price of petrol was last hiked by 14 paise per litre and that of diesel by 10 paise a litre on October 5
Petrol price has been cut almost every day with reduction ranging from 11 to 32 paise per litre
In a market dominated by state-run oil companies, private retailers, industry sources say, are forced to follow price trends set by state-run companies
Replace pricing based on trade parity with a cost-plus formula
Rise in crude oil prices so far was the result of production cuts by the major oil-producing countries
This comes at a time when diesel in Delhi scaled an all-time high of Rs 59.14 per litre
This has been done to cushion impact of rising international prices of crude petroleum oil & petrol & diesel on their retail sale prices
Price of petrol and diesel in Delhi is the lowest in all metros