Tuesday, November 1, 2011: Prices of petrol is expected to go up in the wake of recent spurt in the price of international crude oil.
State-owned oil companies are pressing for a Rs. 1.82 per litre increase in petrol prices; it would be the fourth this year. Petrol prices were hiked by Rs. 3.14 per litre in September.
Oil marketing firm Hindustan Petroleum Corporation Limited (HPCL) has cited the depreciation of the rupee and the hardening of crude oil prices as the reason oil companies want to hike prices.
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