Petrol price hike: from Rs 8 to Rs 63+ in 20 years

In the steepest hike ever, state-owned oil companies on Saturday increased petrol price by about Rs 5 per litre with effect from midnight tonight.
The increase in petrol price, which the oil firms had been holding since January even though crude oil had touched a two-and-a-half-year high, came a day after election results of five state assemblies were announced.
The government had freed petrol price from government control in June but the state-owned oil firms had not raised prices on an 'informal' dictate from the oil ministry.