Finally a cut in petrol prices

Consumers can breathe a sigh of relief. Petrol prices have been brought down effective today. The price for petrol has been cut down by 95 paise. This is the second reduction in petrol rates since October 2012. The rates have been brought down in line with the international oil prices which have been trending lower in recent times. As shown in the chart consumers of nearly all major cities in India would pay less than what they paid in July 2012. All except for Kolkata where prices for petrol would still continue to be higher than what they were in July. This is despite the fact that the cut for Kolkata was as high as Rs 1.19 per liter.

Data Source: Financial Express