Latest News
-
Bajaj Group Stock Declares Rs. 60/Share Dividend: Buy Ahead of Record Date On 28 June? -
Rs 45/Share Dividend: Record Date In Due Course; Buy The IT Stock For Dividend Eligiblity? -
175% Dividend: TATA Group Stock Declares Q4 Results; Buy The Rekha Jhunjhunwala Portfolio Stock? -
2:15 Bonus: Tata Group's Penny Stock Below Rs 90, Gives 2,821% Returns In 5 Years: Announces Q4 Report Card -
Rs. 240/Share Dividend: May 7 Fixed As Record Date; Buy The IT Stock To Be Eligible? -
1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy
Petrol price reduces by Rs 0.78 per litre
With this, petrol has become cheaper by Rs 0.78 per litre (including taxes) with effect from December 1, 2011.
Excluding state levies, the cut comes out to be Rs 0.65 per litre.
Indian Oil Corporation (IOC) announced the cut on behalf of the industry. The company said the recent cut was in line with the declining international crude prices.
The companies had an over-recovery of Rs 0.65 per litre, so they decided to pass the benefit to consumers.
Though international crude prices have fallen from $116 a barrel to $109 a barrel, but the companies are not able to make good margins due to continuous depreciation in Indian Rupee.
Indian Rupee has breached the level of 52 a Dollar, which has wiped out all gains arising out of falling crude prices.
OMCs are still facing heat from other oil products like diesel, kerosene and LPG which are still under the control of the government. Petrol was deregulated by the government in June 2010.
GoodReturns.in
