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As expected there was hike in Petrol and diesel price as Petrol hiked by INR 1.34 Per litre and diesel rate hiked by INR 2.37 Per litre. The Revised rates will apply from midnight. After the price revision petrol in Delhi will now costs INR 66.45 Per litre and diesel will cost INR 55.38 Per litre. The Present level of international product prices of petrol, diesel and INR-USD exchange rate warrant increases in selling price of petrol and diesel, the impact was being passed on to the consumers, Indian Oil Corp (IOC) said in a statement. The Petrol and diesel prices are deregulated in India, which means they are directly linked to market rates. Prices were revised last on October 4th. The prices were increased following increase in commission paid to dealers.
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 Again Petrol price was raised on Wednesday by ₹5 paise per litre and diesel by ₹1.26, with immediate effect from midnight. In Delhi Petrol costs ₹65.65 per litre it was hiked  to ₹65.60 per litre presently, its announced by Indian Oil Corp. And the diesel will cost ₹55.19 per litre as against ₹53.93 a litre currently. This is fourth time of increase in auto fuel prices from May 1st.   Petrol rates in four hikes have been raised by ₹4.52 per litre, while diesel rates have gone up by ₹7.72 per litre. The present level of international product prices of petrol and diesel and Rupee-US Dollar exchange rate warrant. After discounting the April 16 reduction petrol prices have raised by ₹9.04 per litre since mid-March and diesel by ₹11.05 per litre. The movement of prices in international oil market and Rupee-USD exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes,Indian Oil Corp said in an statement.
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A bill passed favoring Andhra Pradesh MLAs and MLCs having some great news. An MLA salary is currently INR 95000 and they are planning to increase it by INR 1,50,000. Also the house rental allowance (HRA) is going to be increased from INR 25000 to INR 50000. And pension will be doubled from INR 25000 to INR 50000. Loan for car has increased from INR 1,00,000 to INR 25 lakh. The railway coupon amount is increased to INR 1,00,000. Also for Book rental, purchase allowance they are going to get about INR 1,00,000. CM Chandrababu Naidu in an innovative way increase the salaries of MLAs and MLCs but not the perfect price per ton of rice to Farmer. The lawmakers are also likely to be given gift vouchers to purchase iPhones.