New Delhi: Petrol and diesel prices were on Monday slashed by Rs. 2 per litre each as international oil prices slumped to a five-year low.
This is the eighth straight reduction in petrol prices since August, and the fourth straight in diesel since October. New rates will be effective from the midnight of December 15 and 16, Indian Oil Corp, the country's largest fuel retailer, announced here.
In Delhi, petrol will cost Rs. 61.33 a litre - the lowest in 44 months - as compared to the current price of Rs. 63.33. The price has been cut by Rs. 2.09 a litre in Mumbai to Rs. 68.86.
Rates differ from state to state because of varied rates of local sales tax or VAT.
Diesel will cost Rs. 50.51 a litre in Delhi - the lowest since July 2013 - as against Rs. 52.51 currently. In Mumbai, it will cost Rs. 57.91 per litre as compared to Rs. 60.11.
The prices of petrol and diesel were last revised downwards on December 1 by 91 paise per litre and 84 paise per litre, respectively, (including state levies at Delhi) on the back of declining international oil prices.
After Monday's reduction, petrol price has been cut by a cumulative Rs. 12.27 per litre since August.
Diesel price was brought down for the first time in more than five years on October 19 by Rs. 3.37 a litre when the government decided to deregulate the fuel. This was followed by a Rs. 2.25 a litre reduction on November 1 and 84 paise per litre on December 1.
Cumulatively, diesel prices have been cut by Rs. 8.46 a litre in four reductions.
There would have been another reduction on November 15 but the government mopped up, raising excise duty on petrol and diesel by Rs. 1.50 a litre each.
In the two excise duty hikes, the government has raised its revenue by Rs. 10,600 crore this fiscal year.
"The prices of petrol and diesel were last revised downwards with effect from December 1 by Rs. 0.91 per litre and Rs. 0.84 a litre respectively (including state levies at Delhi) on the back of declining international oil prices," Indian Oil said in a statement.
"Since the above price changes, the international prices of both petrol and diesel have continued to be on a downtrend. The Rupee-US Dollar exchange rate has however appreciated since the last price change. The combined impact of both these factors warrant a decrease in retail selling prices of both petrol and diesel."
The movement of prices in international oil market and rupee-dollar exchange rate shall continue to be closely monitored and developing trends of the market will be reflected in future price changes, it added.
Source : NDTV
cytotec abortion pill buy online
abortion pill on line abortion pill
on line abortion pill
abortion pill buy cytotec for 24 week abortion
women who cheated
click read here
when married men cheat
open husband cheated
read
go i dreamed my wife cheated on me
generic viagra compared
redirect viagra vs cialas
how many women cheat
read read
why do husbands cheat
how to cheat on my husband
why do husbands cheat
how to cheat on my husband
my husband cheated now what
site i cheated on my husband and loved it
my husband is a cheat
open i have cheated on my husband
how to tell if wife has cheated
site my fiance cheated on me
viagra coupon 2016
allied.edu new prescription coupons
cialis discount coupons
asser.nl free cialis coupon 2016
discount card for prescription drugs
site new prescription coupons
minoxidil 5 pena
go minoxidil
amoxicillin nedir
site amoxicillin antibiyotik fiyat
wer54w66sf32re2
amoxicillin endikasyonlar
aegdr.org amoxicillin antibiyotik fiyat
how much is a abortion pill
abortion pill abortion pill clinics in houston