Tuesday, November 29, 2011

[Nov 29] Petrol price cut on the cards

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Tuesday, November 29, 2011
Petrol
Petrol price cut on the cards
Petrol prices may be cut by Rs 1.02 a litre this week, the second reduction this month, on falling global oil rates. State-owned oil companies, which on November 16 cut petrol price by Rs 2.22 per litre, may cut rates by another Rs 1.02 a litre on November 30 when they review the retail rates in line with international trends, a top official said. Petrol now costs Rs 66.42 per litre in Delhi. Prices of international gasoline, or petrol, have averaged USD 107 per barrel...
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