Govt. of India hikes fuel prices in India

Government of India has hiked fuel prices in India on Friday, now the middle class people will have to spend more unhappily on this necessity. The fuel prices have been increased by 3.73 per litre on Petrol and up to Rs. 3 per litre on diesel and all the increased prices have been applied from the last night. At this time, is not easy to thought about purchase a new bike in India. India's two-wheeler manufacturers have launched many two-wheelers in India and they are also worried about their performance in the auto market. Because the fuel price hike is really a big issue for the two-wheeler players in India. On the other hand, Major two-wheeler players are planning to introduce their new hybrid vehicles like TVS Streak hybrid which is coming soon in the Indian auto market. Besides, the households will have to spend an advanced Rs. 35 per gas cylinder and kerosene will also be rose by Rs 3 a litre. The decision was taken by the EGoM oriented by Finance Minister Pranab Mukherejee. In a major decision to bring petroleum products in line with market rates, the government on Friday freed petrol from all pricing controls and hiked diesel prices by Rs two a litre, Oil Secretary S Sundareshan announced after the meeting of the Empowered Group of Ministers.