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Updated: November 16, 2011 01:10 IST

Petrol price cut by Rs. 2.22

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A petrol station in Hyderabad. File photo
The Hindu
A petrol station in Hyderabad. File photo

Within a fortnight of a Rs. 1.82 a litre hike effected by oil marketing companies, the petrol price stands slashed by a higher margin of Rs. 2.22 from Tuesday midnight.

The reduction in the price, for the first time in almost three years, is expected to ease the pressure on the government ahead of the Parliament's winter session that begins on November 22.

The hike drew flak from the Opposition and UPA allies alike for casting an additional burden on the common man at a time when inflation remained perilously close to double digits.

With this roll-back, petrol will be cheaper at Rs. 66.42 a litre in Delhi, against Rs. 68.64 hitherto. In Mumbai, it will be Rs. 2.34 less at Rs. 71.47.

In Kolkata, it will stand reduced by Rs. 2.31 at Rs. 70.84. In Chennai, it will be lower by Rs. 2.35 at Rs. 70.38.

Its good that Government had rolled back the price by nearly Rs:2. But how much can the government rollback? does any one know? Is this only to avoid pressure and troubles during the winter session of parliament and then the prices would be eased again?

from:  PNRV Prasad
Posted on: Nov 16, 2011 at 09:13 IST
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