New Delhi: Vehicles’ owner will now take a sigh of relief, as all the oil companies have cut down the rates of the petrol and diesel. This time petrol will have the cut down of Rs 3.77 and diesel will be down by the Rs 2.91, these changes were implemented by the 12 AM of Friday night.
As per the reports, the changes were implemented due to the continuous downfall of the rates of crude oil and also due to ongoing elections; companies were unable to change their rates. After 15th of January companies are unable to review the prices of the oil. Not only this but in the international markets price reached to $7 per barrel.
Previously, companies have increased the rates of petrol and diesel on 16th of January by 42 Paisa and Rs 1.03 respectively. While the thing that to be taken into the consideration is oil companies always review the rates of the fuel but this time they took great lag in price review.
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