Petrol price hike likely from Apr 1

NEW DELHI: State-owned oil firms are pushing for at least Rs 3 per litre hike in petrol price from April 1 to cover part of the spike in cost of raw material. “We are losing Rs 6.43 per litre on petrol and after adding 20% sales tax, the desired increase in rates in Delhi is Rs 7.72 per litre,” a senior oil company official said. “We understand that it will be difficult to raise rates by Rs 7.72 per litre in one go but a Rs 3 or even Rs 4 a litre increase is feasible,” he said. (PTI)