Reply #49: Petrol to get dearer by Rs 5 a litre midnight tonight

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http://www.firstpost.com/business/price-hit-petrol-to-get-dearer-by-rs-5-a-litre-tonight-9882.html

New Delhi: Indians who own a car or uses a car that runs on petrol will have the Election Commission of India to thank, not for the smooth conduct polls but for saving them this far from the shocker today. With no polls immediately in sight, the state-owned oil companies on Saturday increased petrol price by about Rs 5 per litre with effect from midnight tonight in the steepest hike ever.

The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came a day after election results of five state assemblies were announced.