On August, 10, Mountain View-based Google announced a major storage upgrade for its online e-mail service Gmail and Picasa users by increasing the storage limit from standard 1GB free storage for Picassa and 2.8GB for Gmail to up to 250GB of storage, which Google will offer for a fee.
Once a user reaches the standard limit of free storage, he/she would become eligible to buy additional storage, Google has said at the time. The additional storage space is available at a price of $20 per year for 2.8GB more space, while for the larger plans ranging up to 250GB space Google will charge $500 annually. Users can also buy even 25 GB of more space for $75 a year and 100 GB for $250 per year.
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