Fuel prices may rise Rs.3.50 per litre
Transport fuel prices in India may rise by up to Rs.3.50 per litre if an empowered group led by Finance Minister Pranab Mukherjee decides on Monday to permit state-run oil retailing firms to charge market rates for such products.
Petrol prices will go up by Rs.1.40 per litre, excluding taxes, from midnight Friday due to the depreciating rupee and a sharp increase in crude oil prices in global markets, the government-run oil marketing firms said Friday.