Petrol Fuel Price Hike

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  From "Time To Buy Cycle" To "We Understand": Commuters Divided On Fuel Price Hike

  Oil companies say they have been incurring losses due to higher global crude oil prices.

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  Petrol, Diesel Prices May be Hiked to Upgrade Fuel Standards

  The panel, headed by former Planning Commission member Chaudhuri, suggested that fuels should meet Euro-IV emission norms all over the country by 2017 and Euro-V standards by 2020.

• Petrol price raised by Rs 1.82 per litre

  The hike, which is effective from midnight, is excluding local sales tax or VAT and actual increase for consumers will be higher.

• Under-recoveries swelled to Rs 1,09,000 cr, fuel price hike needed: IndianOil chief

  Making a case for an immediate hike in fuel prices, Chairman of Indian Oil Corporation (IOC) RS Butola said under-recoveries for the state-owned oil marketing company have swelled to Rs 1,09,000 crore.

• Petrol price hike by Rs 5 a litre likely soon

  Petrol prices are likely to be hiked by Rs 5 in a day or two, sources told NDTV. Oil companies have got the go-ahead from the government to increase prices after the monsoon session of Parliament, and are busy crunching numbers and deciding on the quantum of the hike.

• Government should raise petroleum prices: Montek Singh Ahluwalia

  Planning Commission Deputy Chairman Montek Singh Ahluwalia feels the government should raise petroleum prices as part of tough decisions and to attract international investment.

• Petrol price hike decision by March end: Indian Oil

  IOC, BPCL and Hindustan Petroleum together have lost over Rs 2,000 crore since the last revision.