Chennai: In the steepest ever hike, petrol price was increased by Rs. 7.50 a litre with effect from midnight tonight.
State-owned oil firms said they will raise petrol price by Rs. 6.28 per litre excluding local sales tax or VAT. The hike translates into Rs. 7.50 per litre in Delhi.
Petrol in Delhi currently costs Rs. 65.64 a litre and after the increase it will be priced at Rs. 73.14 per litre..
Due to this hike, by now itself the bunks are not issuing oil as they speculate oil for the price hike. All the petrol bunks are crowded with the public demanding petrol!