With the steepest reduction in five years with Rs 3.5 per litre, the petrol prices in Chandigarh came down to less than Rs 74.21 post Monday midnight, while the diesel prices were raised by 50 paise a litre.
The reduction in petrol prices is a first in over five months, bringing some cheer to the city residents who were earlier paying Rs 77.26 per litre. The petrol and diesel price change excludes local sales tax or VAT.
"The actual deduction will be more than Rs 3.50 once taxes are taken into account," said an Indian Oil official.
However, diesel became dearer by more than 50 paise and soar to Rs 53.40 from Rs 52.90 in Chandigarh, the costliest in the Tricity.
Prices in Panchkula have gone down to Rs 73.72 per litre from Rs 76.77 per litre for petrol while diesel will now cost at Rs 51.15 per litre. With the heavier tax levied in Punjab, petrol still remains the most expensive at Mohali in the Tricity after the reduction at Rs 81.29 per litre. The difference between the petrol prices has also reached an all time of Rs 8.57. Petrol was earlier sold at Rs 84.34 in Mohali, where diesel will now cost Rs 51.43 per litre.
Diesel prices are expected to rise further with the government's decision in January to allow oil companies to raise prices in small doses every month to get over the mounting losses.
ALSO READ
HC tells UT, Haryana to pay Rs 1 lakh each to two kids of accident victim
Hallomajra: Govt school run in shifts to accommodate 3,000 students
British students, Deputy High Commissioner visit PU
PU student polls on Sept 4TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
via Business - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEcWRTaw6s8TPTCJ5KiAWgQhCScvA&url=http://www.indianexpress.com/news/petrol-prices-reduced-to-rs-3.5-per-litre/1176722/
Put the internet to work for you.
0 comments:
Post a Comment