State-owned oil firms like Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) have hiked auto LPG prices by Rs 6 per litre, which marks the third increase this year. The hike comes on back of steep rise in international oil prices.
Liquefied Petroleum Gas (LPG) used as fuel in automobiles, called Auto LPG, will now cost Rs 49.72 per litre as against Rs 43.65 per litre price till last month. Auto LPG prices were hiked by almost Rs 3 per litre on March 1 when rates were increased from Rs 40.7 per litre to Rs 43.65 a litre.
Meanwhile, these oil companies, which are also incurring loss of around Rs 6.43 on each litre of petrol sold, want to hike the price of petrol by at least Rs 9 per litre in order to bring them on par with international rates.
