Petrol price rises for third time in five days up to 20 paise on recent fall in rupee; diesel rates increase too
Petrol became costlier by 19-20 paise per litre, third time since December 13. The diesel prices also rose by 9-10 paise per litre across the major cities.
Decisions on taxation of fuels would have to be taken and the present relief provided by OPEC should be leveraged to take a concerted view.
India shipped in 273,500 bpd of Iranian oil in August, up 30 percent from the previous month and about 81-percent higher than a year ago.