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Thursday, April 2, 2015

2015 Petrol Price Revision Thursday April 02,2015

After two consecutive hikes, petrol prices were on Wednesday cut by 49 paise per litre and diesel by Rs 1.21 a litre on softening international oil rates

The reduction in rates will be effective from April 01,2015 Wednesday midnight. 

The reduction follows two rounds of price hikes in February and March - first by Rs 0.82 a litre in petrol and Rs 0.61 per litre in diesel on February 16 and by Rs 3.18 per litre in petrol and Rs 3.09 a litre in diesel on March 1,2015

Prior to these increases, petrol price had been cut on ten occasions since August 2014 and diesel six times since October 2014.
Cumulatively, petrol prices had been cut by Rs 17.11 per litre in ten reductions since August and diesel by Rs 12.96 a litre since its deregulation in October 2014

Fuel prices would have been lower but for four consecutive excise duty hikes since November totalling Rs 7.75 a litre on petrol and Rs 7.50 on diesel. 



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