The Petroleum ministry of India has hiked the prices of petrol and diesel to about Rs.5 and Rs.3 respectively.This was conveyed by Petroleum Minister MR.Murali Deora.Customs duty on crude has been reduced to nil from 5%. The duty cuts would amount to Rs 22,660 crore in revenue loss, the Revenue Secretary said.
The Cabinet has decidedly approved the fuel price hike, said Murli Deora, Petroleum Minister.The LPG also has been hiked by around Rs.50 per cylinder.
The Cabinet has decidedly approved the fuel price hike, said Murli Deora, Petroleum Minister.The LPG also has been hiked by around Rs.50 per cylinder.
