NEW DELHI: Petrol price may be reduced by about Re 1 per litre while diesel price may be hiked by 40-50 paisa a litre from March 15/16.
While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs 11 per litre losses are eliminated.
Sources said the revision in rates of petrol and diesel is likely to be announced as early as tomorrow.
While petrol prices are being cut in step with falling international oil rates, diesel rate increase would be in line with the January decision to raise prices in small dozes every month till all of the Rs 11 per litre losses are eliminated.
Sources said the revision in rates of petrol and diesel is likely to be announced as early as tomorrow.
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