Petrol, diesel prices increased

NEW DELHI: Petrol prices were increased by Rs 2.50 per litre and the diesel prices by Rs two per litre today.



The decision was taken by the Union Cabinet at a meeting in New Delhi, presided over by Prime Minister Manmohan Singh. However, there is no increase in the prices of kerosene and LPG.



The nationwide hike has been effected keeping in view the increase in international oil prices. The new prices will come into force from midnight tonight.



The Government will continue to pursue an equitable distribution on the under-recovery. A part of the under-recoveries will be borne by the Government, oil marketing companies, and ONGC and GAIL, Petroleum Minister Mani Shankar Aiyer told newspersons after the cabinet meeting.



Left parties have announced nation-wide protest against the increase in price of petrol and diesel. Strike to begin from June 28 onwards.