The depreciating rupee not withstanding oil marketing companies have slashed petrol hikes bringing some relief to the aam aadmi. Nayantara Rai caught up with minister of state for petroleum, RPN Singh and began by asking him the rationale for the price cuts by the oil marketing companies despite an environment of constantly depreciating rupee.
Here's a slice of that conversation. Also watch the attached video. Q: What is the rationale for the price cut?A: The prices have been flat because of crude prices cooling down by about USD 3-4. Q: The three oil marketing companies told us the last time when the prices were increased was that
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