Uttarakhand government has announced a removal of 25 per cent value added tax on petrol. This will make the fuel cheaper by Rs 1.87 in the state as compared to the rest of the country.
Oil marketing companies – Indian Oil, BPCL, HPCL on Wednesday, decided to hike prices of petrol by Rs 7.50 per litre on Wednesday evening. A ministerial committee is likely to meet on Friday to decide on a possible Rs 5 per litre hike in diesel and Rs 50 per cylinder hike in liquefied petroleum gas or LPG.
Src: NDTV Profit