Wednesday 3 October 2012
Petrol price may be cut by Rs 1.60 a litre later this month
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Petrol price may be cut by Rs 1.60 a litre later this month
Petrol price may be cut by Rs 1.60 a litre later this month
Oil companies by the end of the month petrol prices could decline by around 1.60 per liter.
Multi-brand retail sector to allow foreign direct investment and the stronger rupee has risen to five-month high. Rupee is cheaper than imported oil companies, the profits on the sale of petrol has helped the situation.
' However, to reduce prices at the moment to say anything about the time companies have been saved. But it is going to benefit oil companies on petrol, diesel, kerosene and cooking gas cylinder is heavy losses.
Earlier, the price of gasoline was revised on July 24. It was then that an increase of 70 paise to Rs 68.48 per liter in Delhi was its price.
Gasoline oil companies due to the current profitability is strongly in Rs. 55.58 rupee against the dollar in the second half of August was the level where the last fortnight, it arrived at 54.12. 52.28 Euro at the moment is strong. This situation is expected to benefit companies.
In the international market, the price of gasoline to $ 126.11 a barrel, down to $ 122.31 a barrel that has remained.
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Public sector marketing companies Hindustan Petroleum, Bharat Petroleum and Indian Oil prices despite Rs 12 per liter on diesel sales are still losses. Rs 35.63 a liter on kerosene and Rs 468.50 per cylinder on domestic LPG cylinder is suffering.
According to sources, the trend remains the same companies during the financial year 176 937 crore revenue loss.
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Petrol price may be cut by Rs 1.60 a litre later this month
ALSO SEE=Jaguar Land Rover at the Moscow International Motor Show 2012
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Petrol price may be cut by Rs 1.60 a litre later this month
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This post was written by: Ashish Singh
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