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| Petrol price |
Petrol price may go down as much as Rs 4 a litre from July 1 as international oil rates fell to their lowest level since December 2010. State-owned oil firms, which had last month hiked petrol price by a massive Rs 7.54 a litre. After some protest they partially rolled it back by Rs 2.02 per litre, are due to consider revising rates at the end of this month.
The last revision was done keeping in mind an average of USD 115.77 per barrel rate of gasoline, against which domestic petrol prices are bench marked.
But this may happen or may not. Because of the rupee falling further, one cannot say for sure.
The price may go down depending on the rupee value.
Source - Financial express
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