Petrol prices slashed by Rs 2.46
After a hike in fuel prices by about Rs 7.5/litre in the previous month, oil companies for the second time in a row have slashed petrol prices. This is due to the fact that the cost of oil barrel have been slashed despite the weakening of Rupee. This reduction in cost of crude oil has helped to reduce the pricing further.
Rahul
Published On Jun 29, 2012 10:57 IST
Published OnJun 29, 2012 10:57 IST
Last Updated OnJun 29, 2012 10:57 IST
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From Wednesday midnight, petrol prices are Rs 73.35 in Mumbai, Rs 67.78 in Delhi and Rs 72.74 in Kolkata. Before this, we had seen a reduction of Rs 2.02/litre, just a few days ago. Indian Oil Corporation stated in one of its recent releases, “In the current fiscal, the industry has accumulated losses of Rs2,323 crore on Motor Spirit sales due to OMCs’ inability to revise prices in line with high international oil prices and eroded USD-INR exchange rate during that period.
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<p>Being born and brought up in a family that has been a part of the Automotive industry for over seven decades, Rachit has cars in his blood. Four wheelers are his childhood love, and he has grown up playing with bolts and spanners. To add more value to this passion, he studied automobile engineering and even karted at National level competitions.</p>
<p>Soon after that, he got into motoring journalism- <em>where began the process of testing and evaluating cars.</em> He has driven a wide range of cars beginning from Tata Nano to the Aston Martins, most of the cars that are currently sold in the Indian car market. Apart from this, he has also done many long road trips, and shall continue to do so. Rachit was one of the first journalists to take a Nano across the Golden Quadrilateral. </p>
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