tag:blogger.com,1999:blog-7789352599711407396.post5885092997623121626..comments2024-01-14T14:06:33.246+05:30Comments on NEWS, VIEWS & SERENDIPITY: Petro prices to be cut if crude fallsAmitabh Mukherjeehttp://www.blogger.com/profile/01885571461789768730noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7789352599711407396.post-7404137634677779762008-10-15T15:12:00.000+05:302008-10-15T15:12:00.000+05:30Venkat, Thanks for your comment. Yes, there is a d...Venkat, <BR/>Thanks for your comment. Yes, there is a danger of falling back upon a weak Re to justify the increased petrol price.<BR/>But consider two points:<BR/>1) The Re has gone up by about Rs 3 per $. For the sake of argument let's assume it goes up by Rs 5 (any more might mean another crisis - our imports still are more than pur exports).<BR/>2) The Oil price has fallen by more than $50 Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7789352599711407396.post-8177956141585938202008-10-15T13:26:00.000+05:302008-10-15T13:26:00.000+05:30amitabh, with the rupee continuing its depreciatio...amitabh, with the rupee continuing its depreciation against the dollar, will oil cos oblige us with a price-cut? they can easily claim that oil imports are still costlier in rupee terms.Anonymousnoreply@blogger.com