A rise in international oil prices and
depreciation in rupee has forced a hike of `.1.40 per litre
increase in price of petrol with effect from midnight tonight. The hike is
excluding local sales tax or VAT and the actual increase in rate for consumers
will be higher after including the tax incidence. The previous petrol price
hike was `.1.50 a litre excluding VAT on 16th February.
The government had hiked the petrol prices
before presenting the budget and did so again immediately after it. The people
of the country are already reeling under the price rise and the hike in petrol
prices will further hit them.
For more details on Union Budget 2013-14, log on to www.rubber4u.com / Statistic/Notices
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