Business Today

On Record: Petrol price hike

     Print Edition: June 24, 2012

R.S. Butola
R.S. Butola
The hike will further widen the gap between petrol and diesel cars. Something needs to be done to balance the demand for both types of vehicles
R.C. Bhargava, Chairman, Maruti Suzuki, to CNBC-TV18

S. Jaipal Reddy, Petroleum Minister
S. Jaipal Reddy, Petroleum Minister,
First it was the rising crude prices, then depreciation of the rupee. We are forced by global crises that are beyond our control. …We cannot run the country on popular sentiment
S. Jaipal Reddy, Petroleum Minister, to wire agencies

R.S. Butola
R.S. Butola
Every dollar reduction in the global oil rate translates into a cut in product price of 33 paise. But every time the rupee depreciates by one rupee, it translates into a requirement to raise prices by 77 paise
R.S. Butola, Chairman, Indian Oil Corporation, in Mail Today

Ravi Shankar Prasad
Ravi Shankar Prasad
The gross mismanagement of food and the general economy by the UPA regime has led to the decline in the rupee. This has led to the rise in prices of petrol
Ravi Shankar Prasad, BJP leader, in Mail Today

This is another blow to the industry after excise duties were hiked a few months ago. The hike will push up overall cost of ownership for the customer and will definitely have an impact on demand
Pravin Shah, CEO, Automotive Division, Mahindra and Mahindra, in Business Standard

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