Petrol price was cut by Rs 2.42 per litre and diesel by Rs 2.25 a litre after an excise duty hike limited the benefit of global crude prices slumping to six-year low.
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This is the ninth straight reduction in petrol prices since August, and fifth in diesel since October. New rates will be effective midnight tonight, Indian Oil Corp, the nation's largest fuel retailer, announced. In Delhi, petrol will cost Rs 58.91 a litre, the lowest in 44 months, as compared to Rs 61.33 a litre now. Similarly, diesel will cost Rs 48.26 a litre in Delhi, the lowest since April 2013, as against Rs 50.51 currently. Including today's reduction, petrol price have been cut by Rs 14.69 per litre on a cumulative basis |
The Straits Times @ STcom 5m 5 minutes ago Swedish government rejects UN criticism over Assange bit.ly/1L2rrOY 0 retweets 0 likes Reply Retweet Like More Leave a comment Edit Foreign Exchange Management,the Possession and Retention of Foreign Currency Regulations, 2015 February 5, 2016 RESERVE BANK OF INDIA Mumbai – 400 001 RBI/2015-16/312 February 04, 2016 A.P. (DIR Series) Circular No.47/2015-16 [(1)/11(R)] To All Category – I Authorised Dealers and Authorised Banks Madam/ Sir Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 Attention of Authorised Dealers (ADs) is invited to Foreign Exchange Management (Possession and Retention of Foreign Currency) Regulations, 2015 notified vide Notification No. FEMA. 11(R)/2015-RB dated December 29, 2015, c.f. G.S.R. No.1006 (E) dated December 29, 2015, which supersedes the Foreign Exchange Management (Possession ...
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