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Market Prices to Determine Petrol Price


Empowered Group of Ministers (EGoM) led by the Finance Minister, Pranab Mukherjee decided on 25 June 2010 to give a free hand to oil companies to determine petrol prices in line with the market price. Petrol price rose by Rs 3.50 a litre and the price of diesel moved up by Rs 2 a litre in Delhi, with eventual increase in other parts of the country.

Oct 13, 2010 11:11 IST

Empowered Group of Ministers (EGoM) led by the Finance Minister, Pranab Mukherjee decided on 25 June 2010 to give a free hand to oil companies to determine petrol prices in line with the market price. Petrol price rose by Rs 3.50 a litre and the price of diesel moved up by Rs 2 a litre in Delhi, with eventual increase in other parts of the country. Price of domestic LPG was raised by Rs 35 a cylinder and kerosene sold under public distribution system by Rs 3 a litre. The price  hike was made effective from 26 June 2010.