Calling the Rs.7.50 increase per litre in petrol price shocking, Delhiites on Wednesday expressed their outrage at the Central Government's “inconsiderate” move.

“The Government has clearly not taken into consideration the already sky-rocketing cost of living. Rising fuel costs and the lack of adequate, safe public transport system adds to the problems of the common man. The worst hit are two-wheeler users,” said Jatin Gandhi from Janakpuri who uses his bike to come to Connaught Place and works as a marketing executive.

Rates of diesel, LPG and kerosene left untouched

The UPA-II, celebrating three years in office, gave the “common man” a gift on Wednesday: the steepest- ever increase of Rs. 7.54 in petrol prices. The increase is the first in the past six months. Petrol price in Delhi was increased by Rs. 7.54 a litre to Rs. 73.18 with effect from midnight Wednesday, the state-owned oil marketing companies said in separate, but identical, statements.

With petrol prices hiked again today and fears remaining about price volatility of the deregulated fuel, auto manufacturers in the country are expecting a jump in demand for diesel-driven passenger vehicles.

Oil marketing companies, reeling under huge losses due to high crude price in the international market and the rupee depreciation, raised petrol prices today by Rs 7.50. But diesel prices, which are still regulated, were left untouched.

Plan to revise prices every fortnight to recover . 5k cr of revenue losses.

Oil marketing companies have not revised petrol prices since December 1, 2011, despite sharp increase in international prices of petroleum products

With losses on sale of petrol climbing to over Rs 7 a litre, state-owned oil firms have asked the government to either provide subsidy on the fuel or reduce excise duty. "The public sector oil marketing companies have not revised the price of petrol since December 1, 2011, in spite of sharp increase in international prices of petroleum products," Minister of State for Petroleum and Natural Gas RPN Singh told the Lok Sabha here today.

The state government on Tuesday told the Bombay High Court that close to 6,500 autorickshaws in the city have been fitted with electronic meters following a notification issued in February.

The statement was made in a compliance report filed before the court by joint transport commissioner Satish Sahasrabudhhe. The report states that 2,598 new autorickshaws have been fitted with e-meters. The figure for vehicles which have come forward for renewal of fitness certificates is 3,839.

June may turn out to be the luckiest month for government oil marketing companies for the third year in a row.

MUMBAI: Buying new cars is set to become even more expensive, with the Maharashtra Motor Vehicle Tax or road tax being raised for both petrol and diesel vehicles from May 1.

Diesel to be cheaper by Re 1. Despite the finance department’s reservations, the Punjab government is all set to abolish octroi on petrol and diesel in the state.