Petrol prices to go up by Rs 1.82 per litre starting midnight, second hike in two months

NEW DELHI: State-owned oil companies on Thursday have increased the prices of petrol by Rs 1.82 per litre starting midnight. Earlier, the petroleum ministry said it is up to the oil companies to decide on raising the rates of the deregulated commodity.

"It is for them (oil companies) to decide. They will take a decision at a right time," Oil secretary G C Chaturvedi told reporters.

Indian Oil, HPCL and Bharat Petroleum had last hiked petrol prices by Rs 3.14 a litre on September 16, when the rupee was valued at about Rs 48 per US dollar. The exchange rate is now over Rs 49 per dollar.