Petrol prices are slated to go up by Rs 1.82 per litre from Thursday midnight i.e today. The price has been hiked by Indian Oil and other firms are expected to follow suit.It is the fifth hike in petrol prices since December 2010. Less than two months after raising fuel prices by a whopping Rs 5 per litre, the State-owned oil companies had been pressing for Rs 1.82 per litre hike in the prices.Oil company officials had said that the hike was needed because of rupee depreciation and hardening of crude oil prices.
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