Thursday, June 28, 2012

Petrol prices to be reduced by Rs 2.46 per litre

Rohit Dhyani: Oil companies are cutting petrol prices by Rs 2.46 per litre, starting midnight.

The cut is based on global crude prices and the exchange rate of the rupee vs the dollar.

On May 23, India saw its steepest ever price hike of Rs 6.28 plus local taxes.

The revised prices will vary from Rs. 2.46 per litre to Rs. 3.22 per litre, depending upon local taxes in different states.