Petrol, diesel prices can rise by Rs 12, LPG by Rs 280 a cylinder: Nomura

Besides the petrol, diesel and LPG prices, compounding the woes for manufacturers and consumers alike is the sharp hike in prices of natural gas starting April 1 for a period of six months

Petrol, diesel and LPG (liquefied petroleum gas) prices are set to burn a bigger hole in your wallet and upset the household budget over the next few weeks, warn analysts. Since March 22, petrol and diesel prices have risen cumulatively by around Rs 6.40-6.50 per litre (i.e., by 6.3 per cent and 7.1 per cent respectively), as of March 31. 

“We expect further price hikes of Rs 12 for petrol and diesel (this assumes global petrol/diesel prices of $132-136 a barrel, which corresponds to Brent crude oil