Petrol price cut by 91 paise/litre, diesel by 84 paise

[Devesh]

Re: RE: Petrol price cut by 91 paise/litre, diesel by 84 paise

but they told, it ll be cut by rs.2 :angry

That was only assumption.

 

[Dileep Kumar]

Gud News :sp

 

[DishHD]

Now all GCC countries (Arab Oil producing countries) are planing to quit OPEC after this step taken by OPEC and they are planning to create their own organization to sell oil at price in which they want to sell, which will make oil really unaffordable for common people around the world

 

[Sarkar]

but they told, it ll be cut by rs.2 :angry

They didnot and the reason is here

(Reuters) - India on Tuesday raised excise duties on petrol by 2.25 rupees per litre and on diesel by 1 rupee per litre with immediate effect, the finance ministry said in a statement to parliament.

The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.

A source familiar with the matter said the latest measures were expected to raise an additional 40 billion rupees ($650 million) in the remainder of the fiscal year to the end of March 2015.

India hikes excise duties on diesel, petrol| Reuters