Petrol/Diesel Price Cut from Today Midnight.

[Deep.S]

Passing on the benefits of drop in international crude oil and product prices, public sector oil marketing companies have cut auto fuel prices.Petrol in Delhi is now cheaper by 49 paise a litre, while diesel is lower by Rs 1.21 a litre.‎ The rate cut will vary from state to state depending on local levies.

Read:-
Petrol, diesel prices cut - The Hindu Business Line : Mobile Edition

 

[Thakur]

Wow gud news

 

[Prateek Marwadi]

@ deep bro

petrol prices has already been cut with effect from 1st april 2015.

so kindly update ur title

 

[iSK]

Good News nd Thanks for the update @Deepak Bhai :tup

 

[Harry.S]

Gd news..hya

 

[zakrilwan]

Good news....

 

[shawl_who]

some more respite for us.. :s

 

[Prateek Marwadi]

some more respite for us.. :s

ll not make any impact bro reason being :

though the diesel prices has been deducted but inflation won't come down as it is a minor deduction

for individuals - hardly make any difference as the cut is very narrow in monetary terms

so it wud have been better had they not deducted the prices
as v all know 1 re - n then 2 rs +

 

[shawl_who]

ok, then they shudnt have cut the prices. May be that wud have been comforting for common man

bro, contradicting everytime is also not gud :no

 

[Prateek Marwadi]

ok, then they shudnt have cut the prices. May be that wud have been comforting for common man

bro, contradicting everytime is also not gud :no

true bro.

in india - as crude oil prices is around 50
so if v multiply this with inr n conver it into dollar purchase of oil from middle east

then oil prices cost must b around 22 rs or give them benefit of doubt
but it has to b less than 30rs.

so 100% tax is being taken by ioc bpcl hpcl
n then 14% tax is being taken by state govt.

then so many extra duties n cost comes to around 65- 70 rs

so anyhow they r taking something around 40 rs as tax on a 30rs product