Tuesday, April 30, 2013

May Day gift: Petrol now costs Rs.3 less, non-subsidised LPG Rs.54 Read more at: http://indiatoday.intoday.in/story/petrol-rs-3-non-subsidised-lpg-rs-54/1/268629.html

New Delhi, May 1, 2013-

May Day ushered in savings for inflation-hit consumers with a Rs.3 cut in price of per litre petrol -- the steepest reduction in five years-- and a Rs.54 fall in the price of non-subsidised LPG cylinder.

The fourth reduction in petrol rates since March means that the fuel in Delhi will cost Rs.63.09 a litre instead of Rs.66.09 per litre. The rates will vary from city to city depending on local sales tax or VAT.

In Mumbai, petrol price will be Rs.69.73 per litre, Rs.70.35 in Kolkata and Rs.65.90 in Chennai.

The price cut, announced Tuesday, comes after three consecutive rate reductions on the back of falling international oil prices.

State-owned oil firms, which revise rates every fortnight, had from April 16 cut petrol price by Rs.1.20 a litre in Delhi. On March 16, the rates were cut by Rs.2.40 per litre and by Re 1 in the following fortnight.

The petrol price is the steepest since December 2008 when rates were slashed by Rs.5 to Rs.45.62 per litre.

Indian Oil Corp, nation\'s largest fuel retailer, said since the last price change, international prices have declined from $116.61 per barrel to $107 a barrel.

Rupee-US dollar exchange rate too improved from Rs.54.51 to a US dollar to Rs.54.26.

Non-subsidised cooking gas to cost Rs.54 less

The price of a 14.2 kg LPG cylinder that consumers buy beyond their quota of nine subsidised cylinders has been reduced to Rs.847 from Rs.901.

Rates will vary in different cities, depending upon local sales tax or VAT.

This is the second time that the price of non-subsidised LPG cylinder was slashed in a month with the previous cut of Rs.3 having come on April 1

News From: http://www.7StarNews.com

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