Petrol price raised by Rs 1.69, diesel price up by 50 paise per liter

Ongoing Iraq crisis and forex market fluctuations contributes to price hike

Government has hiked petrol prices by Rs 1.69 per litre, while also raised diesel price by 50 paise per litre, which will come into effect from 01 July 2014. The hike in diesel and petrol price is mainly contributed by ongoing Iraq crisis and forex market fluctuations. In case of Diesel, the government has hike prices to reduce the sales losses.

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