The price has gone up by Rs 7.5 per litre in the last six months of decontrol regime. The maximum surge was seen in the last two and half months when the price went up by Rs six per litre.
The increase has come at a time when an average citizen is battling surging prices of essential commodities.
"We can't help it. The rates are determined by market forces. We are following the global markets in price decontrol regime,” a senior official of the Indian Oil Company said.
(Published 15 January 2011, 19:17 IST)
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