Bhutanese consumers are likely to experience yet another price hike in petroleum products following continued increase in price of crude oil in international market. The rise is also attributed to continued rise of the US dollar value.
This is because of the price increase in India. Petroleum prime in Bhutan is governed through market fluctuation and price adjustment in India.
In the sixth hike since June this year, State-run oil marketing companies (OMCs) in India have raised petrol price by a steep Rs. 2.35 a litre and diesel by 50 paise a litre.
The new price will be effective from midnight on Saturday, said State-owned Indian Oil Corporation (IOC).