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Fuel prices again set to rise

This article was posted on Mar 31, 2010 and is filed under Press Releases

Fuel prices are again set to rise after the new emission norms, the Euro IV standard fuel regime from April 1.

13 big cities, where the usage of oil gasoline and oil products is the most will switch to cleaner ‘Euro-IV’ grade motor fuel from tomorrow, due to which consumer will have to pay and additional of 0.50 paise per/liter

Petrol price in Delhi will go up by Rs 0.50 per litre to Rs 47.93 a litre and diesel by Rs 0.26 to Rs 38.10 a litre on account of supply of cleaner Euro-IV fuel, a government official said but did not wish to be identified.

The revised petrol price in New Delhi will be Rs47.93 a liter and that of diesel will be Rs38.10 a liter. Prices will vary in other cities depending on taxes.

Besides Delhi and Mumbai other 11 cities that will switch to Euro IV stage fuel are: Kolkata, Chennai, Hyderabad, Bangalore, Lucknow, Kanpur, Agra, Surat, Ahmedabad, Pune and Sholapur.

The rest of the country will switch from Euro-II fuel to Euro-III in phases, beginning with Goa from Thursday. Sale of Euro-III grade fuel will be done in a phased manner over the next 5-6 months.

Tags: fuel prices, new fuel prices, pune fuel prices, rise in fuel price, rise in fuel prices, stock market and fuel stocks

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