Petrol price has rose since 2002 and now after 10 years it is on same increasing stage.
Since December 2010 crude oil price has reached its lowest level. The inflation-stricken masses of the gift may cut prices of petrol. July is expected that oil companies can reduce its price by Rs 4. Oil companies at the end of this month petrol prices are subject to review after the announced cuts.
International crude oil prices compared to the first $ 115 per barrel has risen to $ 97 a barrel. Oil companies last month in the prices of gasoline was 7.54 cent per liter. Later it was cut to 2.02 per liter. It cut the price of crude oil was 115 dollars a barrel after arriving. The source said an oil company certainly has room to cut petrol prices. The IOC's petrol pumps in Delhi at Rs 70.24 per liter of gasoline is going to get.
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