According to media reports one more petrol price hike is in the agenda of the petrol companies. On the plea that the value of the rupee has been devalued, the oil companies are planning to hike by Rs. 1.82 This will be the 4th consecutive hike of petrol price in 2011. The last was in September 2011, when the price per litre was hiked by Rs. 3.14.
After deregularisation, the oil companies have been hiking the prices with out any restraint putting the customers in to much difficulties. The government is not taking any action. By the proposed hike petrol price per litre in Delhi will increase from Rs. 66.84 to Rs. 68.66.
There should be strong protest against these unjustified hikes.