Brace Yourself Up for a Major Petrol & Diesel Price Hike in September

If you have enjoyed the merry time filling cheaper diesel in your cars, get ready to get over it! Government is planning to increase diesel prices by as much as Rs 4-5 and the hike is expected next month after the monsoon session of Parliament.


Not only diesel, petrol prices are also expected to get increased by Rs 3 a liter. For the last quarter Indian Oil Corporation reported its biggest ever quarterly loss and Oil Companies have been pushing hard for a price revision. This hike is expected after the monsoon session which is scheduled to end on September 7th.


Source: Economic Times

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