Fed up with inflation, increasing the problems of ordinary people today, diesel, kerosene and LPG cylinders raise prices.LPG cylinder has been a marked increase in the value of Rs 50.
While customs and excise duties on petroleum products has also resulted in the government revenue loss of Rs 49,000 crore in fiscal 2011-12 is estimated.
The increase in the loss of oil marketing companies at an estimated loss of Rs 21,000 crore.
Increase prices with effect from midnight today.
Finance Minister Pranab Mukherjee, the empowered group of ministers headed: EGoM: The meeting was the decision to increase prices of petroleum products.
Government's decision to reduce the oil companies Rs 21,000 crore losses. The loss of companies is Rs 171 140.
Recently, the government increased the price of petrol was about 5 bucks.
