Petrol Prices Likely to be Cut By One Rupee

To add to the festive cheer, car manufacturers are doling out year’s best discounts on their cars. And now, we hear more good news.

According to an article published on Times of India today, we can expect reduction in petrol price in the coming days. R S Butola, chairman of Indian Oil Corporation indicated that there has been some reduction in gasoline rates which has provided them some margins for Petrol.


Retailers are making around Rs 2 for each liter of petrol sold, however, considering all the factors like Rupee appreciation and a little increase in gasoline prices, there might be a reduction of Re 1 per liter.

Any reduction in petrol prices is sure to add to the festive cheer during these times. Let us wait for an official confirmation.


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Source: ToI


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