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Petrol price cut by Re 1 per litre

  •   Mon, Apr 15 2013 08:32:40 PM

New Delhi, Apr 15 (IANS): Petroleum major Indian Oil Corp (IOC) Monday announced reduction in petrol price by Re.1 per litre (excluding VAT) effective midnight Monday-Tuesday.

"Since the last price change, the international prices of petrol have gone down from $119.23 per barrel to $116.61 per barrel," IOC said in a statement here.

It had thus decided to pass on the benefit to customers, the company said.

The price of petrol was decreased by 85 paise per litre (excluding VAT) on April 3.

Taking into account local taxes, the new price of petrol per litre will be Rs.66.09 in Delhi, Rs.72.88 in Mumbai, Rs.69.08 in Chennai, Rs.73.48 in Kolkata and Rs.72.63 in Bangalore.

According to IOC, it has incurred losses of nearly Rs.500 crore on sale of petrol in the last financial year.
  

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Comment on this article

  • Jossey Saldanha, Mangalore/Mapusa/Mumbai

    Mon, Apr 15 2013

    I am sure Karnataka will now reduce prices of Milk..........

    DisAgree [2] Agree [4] Reply Report Abuse

  • Dinesh Poojary, Kundapura/Bengaluru

    Tue, Apr 16 2013

    Is it reduced in Mapusa and Mumbai?

    DisAgree [2] Agree Reply Report Abuse

  • Dinesh Poojary, Kundapura/Bengaluru

    Mon, Apr 15 2013

    Petrol price reduced due to dollar fluctuation and it is reduced in almost all countries. UPA is not giving 1 Rs from their pocket.

    Ideally they should have reduced 2 Rs per liter. But 70 paise went to Sonia's kitty and 30 paise to Moily's kitty.

    DisAgree [7] Agree [5] Reply Report Abuse

  • HENRY MISQUITH, Bahrain

    Mon, Apr 15 2013

    Well done UPA it is great news. Hats off to Dr. Manmohan Singh, and Madam Sonia Gandhi.

    DisAgree [9] Agree [9] Reply Report Abuse

  • Dr Ahmed, Mangalore

    Mon, Apr 15 2013

    Election season.

    DisAgree [7] Agree [5] Reply Report Abuse

  • ISMAIL.K.PERINJE, PERINJE-YANBU/KSA

    Mon, Apr 15 2013

    NO MODEL CODE OF CONDUCT? DIESEL VEHICLE OWNERS WATCH OUT....AND NEW DIESEL PASSENGER VEHICLE aspirants NEED TO THINK TO SWITCH TO petrol VERSION.COMMODITY(GOLD) AND FOSSIL FUEL RATES ARE DECREASING GRADUALLY ...

    DisAgree [4] Agree [6] Reply Report Abuse


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Title: Petrol price cut by Re 1 per litre



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