Despite “strong opposition” from the supporting Left parties, the United Progressive Alliance government on Thursday increased the prices of petrol by Rs. 2 and diesel by Re. 1. The revision will come into effect from midnight on Thursday night.
The Cabinet Committee on Political Affairs (CCPA), headed by Prime Minister Manmohan Singh, took the decision after a recommendation by the Group of Ministers led by External Affairs Minister Pranab Mukherjee.
The hike, coming in the wake of spiralling international crude prices in the international markets, saw months of parleys within the government and among its allies and Left parties.
Petrol in Delhi will now cost Rs. 45. 52 against Rs. 43.52. In Kolkata it will be Rs. 48.95 against Rs. 46.86, in Mumbai Rs. 50.51 against Rs. 48.38 and in Chennai it will be Rs. 49.61 against Rs. 47.44.
Diesel in Delhi will now cost Rs. 31.76 against Rs. 30.76.
In Kolkata it will be Rs. 33.92 against Rs. 32.87, in Mumbai Rs. 36.08 against Rs. 34.94 and in Chennai Rs. 34.40 against Rs. 33.30.
The CCPA, however, decided against lowering the duties to cushion the impact of the surging global oil prices.
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