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India - Petrol Prices Drops 56 paise / Litre

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Petrol cheaper by 56 paise a litre from midnight Via NDTV | Updated On: October 08, 2012 18:23 (IST)
Mila Kunis crowned sexiest woman alive + Petrol cheaper by 56 paise a litre from midnight October 08, 2012 18:23 (IST)


State-owned retailer Indian Oil on Monday announced a 56 paisa cut in the price of petrol prices effective midnight tonight. There is no clarity yet whether the 56 paise hike includes VAT or not.
The reduction comes as the appreciation of rupee against the US dollar has helped state firms make profit on the fuel.

“Presently, the INR-USD exchange rate has shown an appreciating trend. The international oil prices, however, continue to remain firm casting their shadow on prices. There has been significant volatility in international oil prices and the exchange rate. The trends in the international oil market and the exchange rate shall be closely monitored and the same shall be reflected in future price changes,” the retailer said in a release.
Petrol in Delhi costs Rs. 68.46 per litre. Within India, the fuel is costliest in Kolkata at Rs. 76.15, and lowest in Panjim where it is priced at Rs. 57 per litre. VAT makes up for Rs. 10.94 in the Rs. 68.46 per litre price of petrol in the national capital.
Petrol price was last revised on July 24 when it was raised by 70 paise to Rs. 68.48 per litre in Delhi. It was last cut on June 3 when rates were reduced by Rs. 2.02 per litre.



Maruti Suzuki To Hike Car Prices

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Maruti Suzuki India on Wednesday said it has hiked prices of its all models by up to Rs 5,250

Maruti Suzuki India hikes car prices by up to Rs 5,250 The country's largest car maker Maruti Suzuki India on Wednesday said it has hiked prices of its all models by up to Rs 5,250 with immediate effect to offset adverse impact of foreign exchange fluctuation and rising input costs. "The average hike in the price across models is around 1 per cent and the range will be between Rs 2,500 and Rs 5,250," a company spokesperson said. The price increase will take place with immediate effect, he added.The company sells a range of models starting with the small car Maruti 800 to the luxury sedan Kizashi, which are priced between Rs 2.04 lakh and Rs 17.5 lakh (ex-showroom Delhi). Last month, Maruti Suzuki India Chief Operating Officer (Marketing and Sales) Mayank Pareek had said the company would hike prices of its vehicles due to various factors. "There is a lot of pressure on our margins due to the foreign exchange fluctuation and rising input costs," he had said.The company had said that in order to counter the impact of adverse currency movement, it is targeting to reduce its forex exposure by nearly 65 per cent to $ 600 million by March 2015 for which it is working with its vendors to reduce imports. Besides, the company is looking out for new markets to increase exports of its products to mitigate impact of unfavourable foreign exchange fluctuation.Other car makers including Honda Cars, General Motors and Audi India have either raised the prices of their vehicles or in the process to do so.
Maruti Suzuki hikes car prices by up to Rs 5,250 of Current Models Maruti Suzuki Swift DZire Suzuki Splash is sold as Maruti Suzuki Ritz in India. Maruti Suzuki 800 (Launched 1983) Maruti Suzuki Omni (Launched 1984) Maruti Suzuki Gypsy (launched 1985) Maruti Suzuki WagonR (Launched 1999) Maruti Suzuki Alto (Launched 2000) Maruti Suzuki Swift (Launched 2005) Maruti Suzuki Estilo (Launched 2007) Maruti Suzuki SX4 (Launched 2007) Maruti Suzuki Swift DZire (Launched 2008) Maruti Suzuki A-star (Launched 2008) Maruti Suzuki Ritz (Launched 2009) Maruti Suzuki Eeco (Launched 2010) Maruti Suzuki Alto K10 (Launched 2010) Maruti Ertiga(Launched 2012)

Current Models

Maruti Suzuki Swift DZire
Suzuki Splash is sold as Maruti Suzuki Ritz in India.
Maruti Suzuki 800 (Launched 1983)
Maruti Suzuki Omni (Launched 1984)
Maruti Suzuki Gypsy (launched 1985)
Maruti Suzuki WagonR (Launched 1999)
Maruti Suzuki Alto (Launched 2000)
Maruti Suzuki Swift (Launched 2005)
Maruti Suzuki Estilo (Launched 2007)
Maruti Suzuki SX4 (Launched 2007)
Maruti Suzuki Swift DZire (Launched 2008)
Maruti Suzuki A-star (Launched 2008)
Maruti Suzuki Ritz (Launched 2009)
Maruti Suzuki Eeco (Launched 2010)
Maruti Suzuki Alto K10 (Launched 2010)
Maruti Ertiga(Launched 2012)

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