Petrol price cut by Rs 1.82 per litre, starting tonite. This is 3rd time in Aug 2014 that rates have dropped, making the total petrol price reduction - Rs.10.09 /lt . The reason is simple, what a ECONOMIST PM couldnt do.... a Chaiwala has achieved.. - Cut fuel import from Saudi Arabia by 6% . Increase import from Iran . The calculation - forex is saved, as Saudi accepts payment onlyin USD, whereas ...Iran accepts payment in importing nation currency, resulting in lowering Indias basket price. ....courtesy Arun Jaitley..Finance Minister.
Posted on: Wed, 03 Sep 2014 08:09:37 +0000