Petrol price cut by Rs 1.82 per litre, this is 3rd time in Aug - TopicsExpress

Petrol price cut by Rs 1.82 per litre, this is 3rd time in Aug 2014 that rates have been cut , In Aug 2014 price of petrol has been cut by total Rs.10.09 /lt . Petrol price was cut by 90 paise (Rs 1.09 a litre after including local sales tax) on August 1 and again by Rs 1.81 (Rs 2.18 per litre, after including VAT). The reason is simple which an ECONOMIST #MMS didnt do but a#Chaiwala did, cut fuel import frm saudi arab by 6% and increase import frm iran . The calculation - forex is saved as saudi accepts payment in USD only where as iran accepts in importing nation currency resulting in lowering Indias basket price . #AcheDin #NarendraModi

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