Friday, 15 March 2013

Petrol prices to be cut by Rs 2 per Liter



In another big move announced a couple of minutes ago, petrol prices have been slashed by Rs 2 per Liter excluding the local taxes effective midnight today. As of now there has been no decision on diesel prices.

As per Petroleum Ministry data, the Singapore benchmark FOB (freight on board) price of petrol fell to $120.43 a barrel on March 13 from $123.54 a barrel on March 1.

After the revision, the fuel will cost Rs. 68.34 per litre in Delhi, Rs. 75.14 per litre in Mumbai, Rs. 71.41 per litre in Chennai, Rs. 75.84 per litre in Kolkata, Rs. 74.59 per litre in Hyderabad and Rs. 75.26 per litre in Bangalore, according to an IndianOil press release.

In the National Capital Region, the rates are as follows: Faridabad - Rs. 69.60 per litre, Gurgaon - Rs. 69.40, Noida - Rs. 73.69 and Ghaziabad - Rs. 73.58.

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