Petrol prices up by Rs. 3.14 a litre, effective midnight

PUBLISHED ON: September 15, 2011 | Duration: 3 min, 05 sec

  
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Petrol prices have been hiked by Rs. 3.14 a litre effective midnight today. This after state-owned oil firms met the Petroleum Secretary in Mumbai today to make a case for a hike, after the rupee touched a two-year low against the US dollar. A fall in the value of rupee increases the cost of importing crude oil. The rupee fell to 48 per dollar today for the first time since September 2009.
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