25.6.11

Diesel, LPG , Kerosene prices hiked



The Government on Friday decided to raise the price of diesel by Rs 3 a litre, kerosene by Rs 2 a litre, while cooking gas will cost Rs 50 more per cylinder. In Mumbai, diesel will now cost Rs 47.25 a litre, LPG a staggering Rs 398 and kerosene Rs 14.38. In states that have higher local taxes, the incremental increase could be Re 1 or even more. The revision in the price of diesel, the main transportation fuel, will immediately push up cost of food items, bus and taxi fares, freight as well as any consumer good that is moved by road. The upward revision comes about a month after state-run oil marketing companies jacked up petrol prices by Rs 5 a litre. It immediately drew a howl of protest from across the opposition spectrum, including the BJP, Left, JD(U) and the AIADMK, who promised to take to the streets against the UPA government’s move, demanding a rollback. Even the government’s ally, Mamata Banerjee’s Trinamool Congress joined in the protest. Attempting a defence, Union oil minister Jaipal Reddy said: “I am sandwiched between economists and populists. The economists say why aren't you doing it (raising prices) and populists say why are you doing it.”

1 comment:

Neha said...

Hi every body first of all we calculate the cost of petrol as follows: -
01barrel crude oil is costing approx 91 dollars that means approx 4186/-
charges of filtration cost Rs. 12 dollars per barrels Rs. 552 per barrel
Total Cost Rs. 4738/- per barrel
Total ltrs in per barrel 166 ltr so this will become Rs. 28.54 Per ltr
Transportation cost depends on distance
We assume not more then Rs. 2/- per ltr
Now Pl calculate the cost of petrol .....
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