[Feb 14] Govt hikes Petrol price by Rs 2 per ltr

News Flash Govt hikes Petrol price by Rs 2 per ltr The Union government has decided to hike petrol and diesel prices by Rs two and Re one respectively. The hike will be effective from midnight Thursday night. Shares of oil marketing companies got a significant boost after Petroleum Minister Murli Deora announced an Rs 2 per liter and Re 1 per liter in petrol and diesel prices respectively. India`s largest refinery Indian Oil Corporation (IOC) surged close to 10% at Rs 516.70, Bharat Petroleum Corporation (BPCL) gained close to 7% at Rs 447.55, while Hindustan Petroleum...  More...