Petrol and Diesel rates in India – V6 Spot Light
Brent crude oil prices falling below $92 a barrel mark. Oil is critical for India. For one, India imports more than two- thirds of its requirement, which constitutes 40 percent of total imports. Modi government decreased the petrol and diesel prices for about rupees 2.40(petrol) and 2.25 (diesel) per liter with the decrement in barrel crude oil products. The market analysts says that with this decrement the financial growth of country increases. This cut in the price of diesel was the first in over five years when it was last cut on January 29, 2009 when they were reduced by Rs 2 a liter to Rs 30.86.