Tag Archives: petrol price

Petrol, Diesel Prices Cut by Rs.2.42, 2.25 respectively, inflation to ease if Govt blinks

Conforming to the international crude oil prices declining further to below $50 per barrel, the three state-run oil marketing companies (OMCs) on Tuesday decided to reduce petrol and diesel prices further in the country with effect from midnight, February 3. The petrol price in Delhi will be cut by Rs.2.42 per litre, while diesel cost will come down by Rs.2.25 ...

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Oil Price: How long will it stay low?

          By Vatsal Srivastava Crude has fallen by over 60 percent since last June. I don’t recall any analyst predicting such price capitulation. It was a rare and difficult event to foresee and could be categorized as what mathematician Nasim Nischolas Taleb calls a “black swan event”. With crude prices trading at eight year lows, one ...

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