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Fuel prices to be cut if crude falls to $61

New Delhi, October 14:: India's crude oil import price has dropped to the year's lowest but a cut in petrol and diesel price may happen only if crude falls to USD 61 per barrel as rupee depreciation has partly offset the gains. Oil firms were supposed to break-even on sale of petrol, diesel, LPG and kerosene if the pr ....Read more

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Fuel Price in IndiaBy: Sujit Paul | Wednesday , 15 Oct '08 12:51:17 PM Reply | Forward The concern raised by Petroleum Ministry for not to reduce fuel price immediately is valid. In fact, such decision should be on commercial ground without inflicing political biasness.

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