This is intermediate decision before cabinet takes final call next week on actual price cut (Petrol should be reduced by at least 10/- and Diesel rate cut 2/- is enough). I feel they will reduce Petrol rates further next week If they keep sympathy on common man and don't decrease Diesel rate further.
But If Crude falls below 40$ then expect more rate cuts in Diesel too.
PS I suggest If one really love the nation please use more Petrol cars rather than Diesel ones, Let Diesel cars for Taxy/Commercial/off roading use while Petrol for private use
I saw a news channel today . Seems LOA Group are not satisfied enough with the reduction in Diesel prices. They are demanding more cuts in Diesel Price (upto Rs.10). Else they are planning for a All India Strike from 20th . So the government will be under severe pressure to reduce some more.
Last edited by undead : 6th December 2008 at 21:29.
In Bangalore, I always fill in at the IOC pump outside Manyata Tech park-Nagawara. The price was 56.88 while it was 57.17 at other city pumps before hikes. Something jurisdiction related. Petrol is 30 paise lesser than the city.
Shell rates in BLR Rs.54.95/- reduced by 5/- from Rs.59.95/-
Can you kindly confirm this. its only the govt pumps that are liable to reduce the prices by Rs 5 and not the private ones like shell. Shell has already reduced the prices before the govt act into play.