Petrol price cut by Rs 1.82 per litre, starting tonite. This is - TopicsExpress

Petrol price cut by Rs 1.82 per litre, starting tonite. This is 3rd time in Aug 2014 that rates have dropped. The reason is simple, which an ECONOMIST MMS couldnt do but a Chaiwala did - Cut fuel import from Saudi Arabia by 6% and increased import from Iran . The calculation - Forex is saved, as Saudi Arabia accepts payment in USD only, Whereas Iran accepts payment in importing .Nations currency, resulting in lowering Indias basket price...!! Thats Call Smart Governance...!!

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