Monday, September 24, 2012

Petrol price rollback on the cards?

Just a few days back I had posted a blog (http://denipconsultants.blogspot.in/2012/09/riddle-me-this.html) about whether the oil companies in India would consider cutting the prices of petrol and diesel if the Rupee appreciated against the dollar or if the crude oil basket fell. Luckily there is an announcement today in the TOI, that they would consider cutting the petrol prices.

Following is the picture I managed to click on my phone:



































Looks like we shall see the US structure where the prices are changed everyday around 3pm in a couple of years.

Thanks,
Dewang K. Mehta
DENIP Consultants Pvt. Ltd.

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