Another petrol price hike soon

5:26 PM, Monday, June 10th, 2013

Petrol PriceNew Delhi : Another petrol price hike is on the cards with the rupee going down heavily against the US dollar.

Sources in the petroleum ministry said, a review meeting will take plce on June 15, after which a hike of Rs 1 to Rs 1.25 per litre in petrol price would be made by state-owned oil companies.

With rupee breaching the 57.5 per dollar mark and settling at a life-time low, oil companies are worried about the impact it would have on their balance sheets.

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