An Indian fuel attendant fills petrol to a scooter at a petrol re-fueling station at Dimapur, India’s northeastern state of Nagaland on November 16. The state run oil refiners has cut the petrol prices by 1.85 rupess per litre about 3.2 percent on Wednesday, the first reduction since the government ended pricing controls nearly 18 months ago. (Photo/Caisii Mao)
Mumbai, November 16 (Agencies): In a new development, oil distribution company BPCL has suggested that petrol prices are likely to change again over the next few days.
According to the company, a regular fortnightly revision is likely to happen in petrol price.
It has further said that rupee depreciation and crude prices would be reflected in petrol in the next fortnight. This comes a day after petrol prices were slashed by Rs 1.85 per litre, which was the first cut in the last 33 months.
Reacting to the cut, Minister of State for Petroleum and Natural Gas RPN Singh had said, “Crude oil have come down by $4 and we have passed it on to consumers. Petrol prices are deregulated.”
According to the company, a regular fortnightly revision is likely to happen in petrol price.
It has further said that rupee depreciation and crude prices would be reflected in petrol in the next fortnight. This comes a day after petrol prices were slashed by Rs 1.85 per litre, which was the first cut in the last 33 months.
Reacting to the cut, Minister of State for Petroleum and Natural Gas RPN Singh had said, “Crude oil have come down by $4 and we have passed it on to consumers. Petrol prices are deregulated.”
