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Mar 23, 2012

Petrol price to go up again?

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Business News: There are chances of getting petrol costlier again by the end of March, as the oil companies are reportedly preparing the hike the petrol price to cover the loss due to low price. The budget is over and the elections in the five states, so it has been anticipated that the petrol price might go up after the budget.

The hike in the petrol price is going to hit the pocket and budget of household, which has already been crushed due the hike many times before. However, the government will review the price of diesel, which might seen a hike as well.

The high inflation in the goods and services has been weighting high on the common-men in this country. The union budget gave bit relief by raising the income tax slab to 2 lacs. The once more hike in the petrol price will push the inflation further up in the country.


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