Diesel Price Hike in Gujarat Today 1 May 2015 - Rs.2.37 Increase in Current Rate

India Government has hiked the crude oil prices from 1st May 2015. Diesel and Petrol prices in Gujarat are hiked by more than 2 Rs. Diesel prices in Gujarat are hiked by Rs 2.37 per litre. The increased diesel prices are applied from midnight of Thursday. The ruling party BJP has cut down the Diesel prices before this hike and now they have directly hiked the prices by Rs 2.37.

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Diesel Prices in Gujarat before Hike : Rs 52.56/Ltr

Diesel Prices in Gujarat after Hike : Rs 55.17/Ltr

Brent crude oil prices continue to trade above $66 per barrel, up $20 from its January low of $46 per barrel, supported by a decline in US oil production. Current spike in petrol and diesel prices is in line with the increase in global crude oil prices, which are trading at their highest levels in four months.

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The Indian rupee is expected to be weaker in the 2nd half of the year 2015 due to interest rate hike by the US Federal Reserve peak. The domestic oil companies were also hit by unfavourable currency movement in April month.

People were happy with price cut in Diesel but now after increase of Rs 2.37, one cannot imagine where we will get Petrol or Diesel at lesser price or in cheap price. After price hike in Petrol or Diesel, people are reacting for some days but then they get used to follow the prices as no one wants to use public transport or cycle.

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