The petrol price has been cut by the central government for the second in the same month by Rs 2.46 per liter into effect from Thursday midnight.
The fall in petrol prices was announced by three oil companies, which are Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL) respectively. Read more
Good news for Indian common man that give them a big moment to cheer that oil marketing companies are likely to hit with Rs 4/ l remarkable cut at the petrol prices from Jul 1.
According to source, the cut in petrol rates will come as a big respite for the consumer just because of downing phase in global prices of crude oil, the companies base the domestic prices every fortnight. Read more
A freshly report, the Oil corporations are in plans to cut petrol price to give little relaxation to the citizens; the reduction would be by Rs 2 per litre.
On Friday after tabled a meeting of oil marketing companies, they are expected to cut rates because of declining rates of crude prices in the international market, a source report said. Read more
The finance minister of India, Pranab Mukherjee has indicated the petrol price may fall further in the coming period of time as the crude oil prices fall in the international market.
Earlier, the UPA government and Oil companies has announced a hike of Rs 7.54 per liter in petrol price in the country on 24 May.
This was the highest growth in the petrol in recent past, however, the central government cut petrol prices by Rs 2.02 per liter last week. Read more
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