Rediff
New Delhi, Feb 14: The government increased the prices of petrol by Rs 2 and that of diesel by Re 1 a litre on Thursday.
The hike in the fuel prices will come into effect from midnight on Thursday.
The sensitive issue of a hike is fuel prices was discussed at the meeting of the Cabinet Committee on Political Affairs on Thursday.
This is a part of the government's efforts to mitigate the spurt in global oil prices.
The increase in fuel prices will benefit oil companies by a whopping Rs 840 crore (Rs 8.40 billion).