PETROL PRICES INCREASED BY RS 7.50

Petrol prices have been increased by Rs 7.50 a litre from midnight. The increase was on the cards with the rupee continuing its free fall against the US dollar. The rupee fell to a record life low of 56 per dollar on Wednesday.

Oil companies had already told the government that wanted to hike petrol price by at least Rs 4 per litre.

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