rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Petrol price may be cut, diesel to be costlier

Petrol price may be cut, diesel to be costlier

Last updated on: March 14, 2013 13:24 IST

Petrol price may be cut, diesel to be costlier

     Next

Next

Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paisa a litre from March 15/16.

While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs 11 per litre losses are eliminated.

Sources said the revision in rates of petrol and diesel are likely to be announced as early as tomorrow.

Click NEXT to read more...


Photographs: Reuters.
Tags:

     Next

Petrol price may be cut, diesel to be costlier

Prev     Next
Prev

Next

The cut in petrol price will follow two rounds of hike in rates since February.

Petrol price was hiked by Rs 1.50 a litre on February 16 and then by Rs 1.40 per litre from March 2. Both the increases were excluding local VAT. Petrol in Delhi currently costs Rs 70.74 a litre.

Since last revision, international gasoline (petrol) prices have come down to about $120 per barrel from $131.00 a barrel at the last time last revision.

Also, the rupee has marginally appreciated against the US dollar to Rs 54.11.

Click NEXT to read more...



Photographs: Reuters.
Tags:

Prev     Next

Petrol price may be cut, diesel to be costlier

Prev     More
Prev

More

Diesel prices have been since January hiked by over Re one per litre in two instalments and it currently costs Rs 48.16 a litre.

Despite the increases, oil firms lose Rs 11.26 per litre on sale of the nation's most consumed fuel.




Photographs: Reuters.
Tags:

Prev     More
© Copyright 2013 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.