Petrol Prices May Reduce by Rs. 2-3
The cost of crude oil for the month of May, 2012 was $105.57 per barrel. And now the Indian consumer market breathes a sigh of relief as crude oil prices dip down to $95.75 creating a possible scenario of petrol price reduction by as much as Rs. 2-3. Considering the recent hike in petrol followed by a minimal amount of reduction, this move would be welcomed by the automotive industry and common man alike. A meeting of state-owned oil firms; namely Hindustan Petroleum Corporation, Bharat Petroleum Corporation and Indian Oil Corporation will converge on today to discuss possible reductions on petrol prices.
Meenal
Published On Jun 15, 2012 15:32 IST
Published OnJun 15, 2012 15:13 IST
Last Updated OnJun 15, 2012 15:32 IST
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If the meeting were to come to a decision on the amount to be reduced on oil prices, then this may be followed by the second successive cut in petrol prices. It may however be too soon to breathe a sigh of relief as the government may be considering hiking the price diesel fuel by as much as Rs. 3 to a litre. This is due to the rising gap between petrol and diesel prices in India. Diesel is currently 74 per cent cheaper than petrol.
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<p style="text-align: left;"><span style="font-family: Arial, Helvetica, Verdana, sans-serif; color: #3f3f3f;"><span>Meenal has been a writer since the time she knew what it is to write. Being a team lead at CarDekho, she guides her team to bring in fresh ideas and true stories to develop a brain storming news for the car enthusiasts across the world. Meenal started writing during her school and is continuing still. Being a post graduate in English Literature with Linguistics, Phonetics, and Grammar as her favorites, she topped throughout. And perhaps that's what helped her starting her career directly as an Editor with international clients from the very beginning. She also has been trained in and has got experience in pre-editing and master-editing journals and books. With almost 5 years of experience in journalism behind her, she still believes that she gets to learn new things about writing news every new day. She plans to start on another degree in psychology. Future plans for her include nothing more than a dynamic GROWTH for herself and SMILES on the readers' faces.</span></span></p>Read more
