Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | IOC cuts petrol price by 56 paise    </title>
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-The Times of India





Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.





The fuel will cost Rs 67.90 a litre at..."/>
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-The Times of India





Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.





The fuel will cost Rs 67.90 a litre at..." />
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                            <div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The fuel will cost Rs 67.90 a litre at IndianOil's pumps in Delhi against Rs 68.46 due to higher incidence of state tax while the price in Mumbai will come down by 71 paise to Rs 74.43 a litre. In Kolkata, it will go down by 70 paise to Rs 75.44 a litre. Chennai will see a reduction of 71 paise to Rs 71.48 per litre.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The other two retailers, Bharat Petroleum and Hindustan Petroleum, are expected to follow suit in the next couple of days. Their rates would, however, be different by one or two paise with a view to avoiding cartelisation charge.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Petrol price was last revised on June 24 when it was raised by 70 paise a litre. Coming after cooking gas price was raised by Rs 11.42 a cylinder due to increase in dealer commission on Saturday, the cut in petrol price, IndianOil executives said, would give consumers some sense of relief.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While reviewing IndianOil's quarterly performance recently, petroleum secretary G C Chaturvedi had told the company brass to change prices in small doses, preferably not more than Re 1 at a time, to avoid putting too much pressure on consumers. Conversely, this would mean the reductions too would be in small doses, which would require frequent revisions.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">True enough, Monday's cut came with warnings from IndianOil that it may not last for long. &quot;The rupee-dollar exchange rate has shown an appreciating trend. International oil prices, however, continue to remain firm, casting their shadow on petrol prices... there had been significant volatility in international oil prices and exchange rate,&quot; the company said in a statement.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The company also said the trends in the international oil market and exchange rate would be closely monitored and would be reflected in future price changes. This clearly can be construed as a hint that fuel retailers would exert their freedom to decide petrol price in line with international trends more frequently.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The company said petrol prices have not moved in tandem with costs. The three fuel retailers lost Rs 2,600 crore on sale of petrol during the April-September period &quot;due to inability to change retail selling prices to the desired extent in line with market conditions&quot;. Since petrol is a deregulated commodity, the retailers have to absorb the losses on the fuel.&nbsp;</div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms" class="re" target="_blank">The Times of India, 9 October, 2012, http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms</a><div class="clear"></div>
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Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.





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-The Times of India





Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.





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    <h1 class="cat-box-title">IOC cuts petrol price by 56 paise</h1>
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                            <div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The fuel will cost Rs 67.90 a litre at IndianOil's pumps in Delhi against Rs 68.46 due to higher incidence of state tax while the price in Mumbai will come down by 71 paise to Rs 74.43 a litre. In Kolkata, it will go down by 70 paise to Rs 75.44 a litre. Chennai will see a reduction of 71 paise to Rs 71.48 per litre.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The other two retailers, Bharat Petroleum and Hindustan Petroleum, are expected to follow suit in the next couple of days. Their rates would, however, be different by one or two paise with a view to avoiding cartelisation charge.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Petrol price was last revised on June 24 when it was raised by 70 paise a litre. Coming after cooking gas price was raised by Rs 11.42 a cylinder due to increase in dealer commission on Saturday, the cut in petrol price, IndianOil executives said, would give consumers some sense of relief.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While reviewing IndianOil's quarterly performance recently, petroleum secretary G C Chaturvedi had told the company brass to change prices in small doses, preferably not more than Re 1 at a time, to avoid putting too much pressure on consumers. Conversely, this would mean the reductions too would be in small doses, which would require frequent revisions.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">True enough, Monday's cut came with warnings from IndianOil that it may not last for long. &quot;The rupee-dollar exchange rate has shown an appreciating trend. International oil prices, however, continue to remain firm, casting their shadow on petrol prices... there had been significant volatility in international oil prices and exchange rate,&quot; the company said in a statement.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The company also said the trends in the international oil market and exchange rate would be closely monitored and would be reflected in future price changes. This clearly can be construed as a hint that fuel retailers would exert their freedom to decide petrol price in line with international trends more frequently.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The company said petrol prices have not moved in tandem with costs. The three fuel retailers lost Rs 2,600 crore on sale of petrol during the April-September period &quot;due to inability to change retail selling prices to the desired extent in line with market conditions&quot;. Since petrol is a deregulated commodity, the retailers have to absorb the losses on the fuel.&nbsp;</div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms" class="re" target="_blank">The Times of India, 9 October, 2012, http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms</a><div class="clear"></div>
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        LATEST NEWS UPDATES | IOC cuts petrol price by 56 paise    </title>
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-The Times of India





Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.





The fuel will cost Rs 67.90 a litre at..."/>
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-The Times of India





Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.





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    <h1 class="cat-box-title">IOC cuts petrol price by 56 paise</h1>
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                            <div style="text-align: justify">-The Times of India</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The fuel will cost Rs 67.90 a litre at IndianOil's pumps in Delhi against Rs 68.46 due to higher incidence of state tax while the price in Mumbai will come down by 71 paise to Rs 74.43 a litre. In Kolkata, it will go down by 70 paise to Rs 75.44 a litre. Chennai will see a reduction of 71 paise to Rs 71.48 per litre.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The other two retailers, Bharat Petroleum and Hindustan Petroleum, are expected to follow suit in the next couple of days. Their rates would, however, be different by one or two paise with a view to avoiding cartelisation charge.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Petrol price was last revised on June 24 when it was raised by 70 paise a litre. Coming after cooking gas price was raised by Rs 11.42 a cylinder due to increase in dealer commission on Saturday, the cut in petrol price, IndianOil executives said, would give consumers some sense of relief.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">While reviewing IndianOil's quarterly performance recently, petroleum secretary G C Chaturvedi had told the company brass to change prices in small doses, preferably not more than Re 1 at a time, to avoid putting too much pressure on consumers. Conversely, this would mean the reductions too would be in small doses, which would require frequent revisions.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">True enough, Monday's cut came with warnings from IndianOil that it may not last for long. &quot;The rupee-dollar exchange rate has shown an appreciating trend. International oil prices, however, continue to remain firm, casting their shadow on petrol prices... there had been significant volatility in international oil prices and exchange rate,&quot; the company said in a statement.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The company also said the trends in the international oil market and exchange rate would be closely monitored and would be reflected in future price changes. This clearly can be construed as a hint that fuel retailers would exert their freedom to decide petrol price in line with international trends more frequently.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The company said petrol prices have not moved in tandem with costs. The three fuel retailers lost Rs 2,600 crore on sale of petrol during the April-September period &quot;due to inability to change retail selling prices to the desired extent in line with market conditions&quot;. Since petrol is a deregulated commodity, the retailers have to absorb the losses on the fuel.&nbsp;</div>                                                           
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    <br><a href="http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms" class="re" target="_blank">The Times of India, 9 October, 2012, http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms</a><div class="clear"></div>
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Home हिन्दी

IOC cuts petrol price by 56 paise

Published on Oct 9, 2012   Modified on Oct 9, 2012

-The Times of India Market leader IndianOil on Monday reduced petrol price by 56 paise to pass on to consumers the benefit of the rupee's growing strength against the dollar in recent times. The fuel will cost Rs 67.90 a litre at IndianOil's pumps in Delhi against Rs 68.46 due to higher incidence of state tax while the price in Mumbai will come down by 71 paise to Rs 74.43 a litre. In Kolkata, it will go down by 70 paise to Rs 75.44 a litre. Chennai will see a reduction of 71 paise to Rs 71.48 per litre. The other two retailers, Bharat Petroleum and Hindustan Petroleum, are expected to follow suit in the next couple of days. Their rates would, however, be different by one or two paise with a view to avoiding cartelisation charge. Petrol price was last revised on June 24 when it was raised by 70 paise a litre. Coming after cooking gas price was raised by Rs 11.42 a cylinder due to increase in dealer commission on Saturday, the cut in petrol price, IndianOil executives said, would give consumers some sense of relief. While reviewing IndianOil's quarterly performance recently, petroleum secretary G C Chaturvedi had told the company brass to change prices in small doses, preferably not more than Re 1 at a time, to avoid putting too much pressure on consumers. Conversely, this would mean the reductions too would be in small doses, which would require frequent revisions. True enough, Monday's cut came with warnings from IndianOil that it may not last for long. "The rupee-dollar exchange rate has shown an appreciating trend. International oil prices, however, continue to remain firm, casting their shadow on petrol prices... there had been significant volatility in international oil prices and exchange rate," the company said in a statement. The company also said the trends in the international oil market and exchange rate would be closely monitored and would be reflected in future price changes. This clearly can be construed as a hint that fuel retailers would exert their freedom to decide petrol price in line with international trends more frequently. The company said petrol prices have not moved in tandem with costs. The three fuel retailers lost Rs 2,600 crore on sale of petrol during the April-September period "due to inability to change retail selling prices to the desired extent in line with market conditions". Since petrol is a deregulated commodity, the retailers have to absorb the losses on the fuel.

The Times of India, 9 October, 2012, http://timesofindia.indiatimes.com/business/india-business/IOC-cuts-petrol-price-by-56-paise/articleshow/16731796.cms

Tagged with: Petrol Fuel Inflation

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