Petrol, diesel rates likely to be cut by Rs 1/L
13 Nov 2014 5:37 AM IST
Petrol and diesel prices are likely to be cut by close to Re 1 per litre this weekend on sliding global oil rates.
This would be the seventh reduction in petrol prices since August and the third in rates of diesel since its decontrol last month.
State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) following the fortnightly review practice, are due to revise rates of petrol and diesel on Saturday.
In all probability, rates will be reduced if the current trend of declining international oil prices continue, industry sources said.
This would be the seventh reduction in petrol prices since August and the third in rates of diesel since its decontrol last month.
State-owned fuel retailers Indian Oil Corp (IOC), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) following the fortnightly review practice, are due to revise rates of petrol and diesel on Saturday.
In all probability, rates will be reduced if the current trend of declining international oil prices continue, industry sources said.
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