Left parties to protest against petrol hike

Published on May 16, 2015 07:38:38 AM
News
CPI and CPM will stage a protest against the hike of petrol and diesel.  On Friday, petrol price was hiked Rs 3.13 and diesel by Rs 2.71. This is second hike in the month of May.

The largest supplier, Indian Oil Corporation [IOC] announcing the hike said, "There has been a steep increase in international prices of both petrol and diesel. Rupee-US dollar exchange rate has also depreciated quite significantly during this period.”

The hike came effective from Friday midnight. In Hyderabad, petrol price stood at Rs 74.83 while diesel at Rs 59.16.