There is speculation now that the a Rs 4 per litre increase in petrol and diesel prices may be in the offing.
This is to ensure that the state-owned fuel retailers return to pre-Karnataka poll hiatus margin levels.
This was even opined by some of the brokerage firms.
No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd on Monday ended a 19-day hiatus in revising petrol and diesel prices.
The companies reverted to the practices of changing rates on a daily basis.
It is also said that since then petrol price has risen by 69 paisa a litre, making petrol prices in Delhi to Rs 75.32.
It is the highest in almost five years.
Similarly, the diesel prices have gone up by 86 paisa a litre climbing it to Rs 66.79 a litre in Delhi.
The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.
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