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Wednesday, November 16, 2011

Petrol prices may change every 15 days: BPCL

Mumbai: 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 prices.

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."
 

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