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Updated: February 27, 2010 03:19 IST

Petrol, diesel prices hiked

Sujay Mehdudia
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Petrol and diesel prices will go up by Rs 2.67 a litre and Rs 2.58 per litre, respectively, after Finance Minister Pranab Mukherjee on Friday raised customs and excise duties on the two.
The Hindu Petrol and diesel prices will go up by Rs 2.67 a litre and Rs 2.58 per litre, respectively, after Finance Minister Pranab Mukherjee on Friday raised customs and excise duties on the two.

The oil marketing companies have announced a hike in petrol price by Rs. 2.71 a litre and diesel price by Rs. 2.55 with effect from midnight on Friday night, after Finance Minister Pranab Mukherjee juggled customs and excise duties in the Union budget.

The oil marketing companies have announced a hike in petrol price by Rs. 2.71 a litre and diesel price by Rs. 2.55 with effect from midnight on Friday night, after Finance Minister Pranab Mukherjee juggled customs and excise duties in the Union budget. He also imposed a 5 per cent customs duty on crude import.

Now, petrol price in Delhi will go up from Rs. 44.72 to Rs. 47.43 a litre and diesel price to Rs. 35.47, as indirect tax proposals come into effect immediately.

This follows the hike in customs duty on petrol and diesel from 2.5 to 7.5 per cent, and in excise duty by Re. 1 a litre to Rs. 14.35 and by Rs. 4.60 a litre on non-branded (normal) petrol and diesel respectively.



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