The government is expected to cut petrol price next week by Rs 10 a litre, diesel by Rs 3 per litre and domestic LPG by Rs 20 per cylinder in line with fall in global oil prices as the assembly polls in major states is going to end. Polling in Jammu & Kashmir one of the six states that went to elections would end on December 24. State-run oil firms have seen margins turning into positive zone from November 1 but the government, did not want to revise prices as the Model Code ,of Conduct for elections was in place that bars it from making any announcement that could be seen as appeasing voters.
State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum are selling petrol at a profit of Rs 14.89 a litre and diesel at Rs 3.03 per litre for the first time in three years. But they continue to lose Rs 17.26 on sale of every litre of kerosene through public distribution system (PDS) and Rs 148.32 per 14.2-kg domestic LPG cylinder. As oil firms continue to make losses on LPG, some of the margins on petrol may be used to bring down the cooking fuel price.
State-run Indian Oil, Bharat Petroleum and Hindustan Petroleum are selling petrol at a profit of Rs 14.89 a litre and diesel at Rs 3.03 per litre for the first time in three years. But they continue to lose Rs 17.26 on sale of every litre of kerosene through public distribution system (PDS) and Rs 148.32 per 14.2-kg domestic LPG cylinder. As oil firms continue to make losses on LPG, some of the margins on petrol may be used to bring down the cooking fuel price.
No comments:
Post a Comment