Hyderabad: Petrol price increased in Hyderabad by 27 paise and diesel by 24 paise on Wenesday, in wake of the surge in crude prices after last week’s drone attacks on Saudi Arabia’s oil facilities.
The latest increase is the biggest single-day hike since the July 5 Budget presented in Parliament that raised rates by almost Rs 2.50 a litre due to an increase in excise duty on fuel.
The current price of petrol in Hyderabad is Rs 76.99 at Indian Oil petrol bunks and Rs 77.00 at Bharat Petroleum bunks, while diesel prices were at Rs 71.75.
“We hope that the government reduces excise duty,” said Susheel, general manager of Bharat Petrol bunk in Khairatabad.
Authored by Mohammed Hussain, firstname.lastname@example.org Twitter: @writetohussain