Oil Corporations plan to reduce petrol & diesel prices!
Posted on: 31/Jan/2015 3:06:06 PM
Reliable sources inform that the oil corporations are planning to reduce the petrol & diesel prices further.
The price of the crude oil in the international market has remained steady over the last few weeks. Still, with the approaching Delhi Assembly elections in mind, sources from central government circles inform that the announcement regarding price reduction of petrol & diesel may come any time.
The depreciation of Indian Rupee against the US $ and the stable price of the crude oil price over the last few weeks are attributed to be the main reasons for the proposed small price reduction.
A senior official from Delhi informed that petrol price may be down by Rs. 0.75 per litre and the diesel price by Rs. 0,50 per litre.
If the price reduction is announced it will be the 10th instance of price reduction since last August.
