Petrol Price cut Ranges from Rs. 1.20 to 95 Paise
A few days previously we had brought to you information on a possible drop in petrol prices to add some festive cheer to the season. We had estimated a Rs. 1 drop in the price of petrol per litre and now it has come to light that the prices have been indeed reduced down. However the surprising bit is that this cut down on the price in not uniform throughout India and therefore the price cuts differ from city to city.
Wajeeh
Published On Nov 16, 2012 15:51 IST
Published OnNov 16, 2012 15:51 IST
Last Updated OnNov 16, 2012 15:51 IST
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In Delhi the petrol price is now Rs. 67.24 per litre, a reduction of 95 paise; whereas Mumbai has witnessed the price falling down to Rs. 73.53 per litre which is a reduction of Rs. 1.20. Prices in Chennai have gone down to Rs. 70.57 per litre from Rs. 71.77. The petrol prices differ from city to city due to the differential values in local sales tax or VAT rates.
“There has been significant volatility in the Indian rupee-USD exchange rate and is currently very weak with uncertainty about its future direction,” IOC said. “The trends in the international oil market and Indian rupee-USD exchange rate are being closely monitored and the same shall be reflected in future price changes.”
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Raised in the Middle East, Wajeeh Khan spent most of his life in Doha, Qatar where he was originally educated in the field of communications and networking. He spent five years working and garnering experience in various fields including administration, insurance, sales and construction. However, Wajeeh has always had a deep seated passion for automotive writing, which has brought him back to his roots in India and although a fresher in the field, he is an obsessive enthusiast with an extreme and inquisitive nature and has his bases on the hows and whys of the functioning of a car, all covered.</p>
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Armed with exceptional knowledge on the workings of the English language and his obsession for cars, he hopes to make a name for himself in the field of automotive journalism.</p>
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