#petrol_engine

Petrol price to be cut by Rs 1.89 – 2.38 per litre from midnight …

Petrol price to be reduced by Rs. 1.89-2.38 per litre from today.

Indian Oil Corp (IOC), the nation’s largest fuel retailer had indicated that petrol prices may be cut on the back of softening in international rates.

“Petrol is a decontrolled product and prices increase or decrease depending on input cost every fortnight. We had cut rates on August 1 and will be reviewing prices on August 15,”…

Price of Petrol likely to be cut on August 15 …

NEW DELHI: Price of the petrol is likely to be cut on the basis of international rates, Indian Oil Corp, the nation’s largest fuel retailer.

“Petrol is a decontrolled product and prices increase or decrease depending on input cost every fortnight. We had cut rates on August 1 and will be reviewing prices on August 15,” IOCBSE 1.73 % Chairman B Ashok told reporters here.

State retailers revise…

Price of non-subsidised LPG hiked by Rs 16.50 per cylinder …

New Delhi: Price of non-subsidised cooking gas (LPG) was Tuesday hiked by Rs 16.50 per cylinder and that of jet fuel by over half-a-percent after international oil prices surged due to the ongoing Iraq crisis. The increase in rates of non-subsidised LPG and ATF accompanies the Rs 1.69 a litre hike in petrol and 50 paisa a litre in diesel announced yesterday.

The price of non-subsidised LPG, which…

Petrol prices may fall by 45-60 paise per litre this weekend …

NEW DELHI: Petrol prices may fall by less than a rupee this weekend as gasoline has eased in the international market.

State oil marketing firms, however, are reluctant to pass on the benefit to consumers, arguing that they need a “pricing cushion” in view of the ongoing political crisis in Iraq.

Government officials and industry executives said there is a possibility of petrol becoming cheaper…