Tag: PETROLUEM PRODUCTS

Petrol prices to be slashed by Rs 2.00 per litre effective from midnight

Indian Oil Corporation Ltd. has decided to reduce the retail selling prices of Petrol w.e.f midnight of 15th/16th March’13 by Rs. 2.00/ litre (excluding VAT). The Prices of Petrol were increased by Rs.1.40/litre (excl VAT) w.e.f 2nd March’13. Since last price change, international prices of crude oil have slid from USD 112.73/bbl to USD 107.41/bbl leading to consequential …