Petrol may not go beyond Rs 75/litre in Delhi till poll-end
India TV NewsCall it election time rationing or return of the administered price mechanism regime, but the retail price of petrol may not cross the Rs 75 a litre-mark in Delhi, at least till the end of polling on May 19. Official sources said that public sector oil marketing companies have been told in no uncertain terms to keep a check on the rising price transport fuels - petrol and diesel - even though rise in global oil prices and India's daily pricing mechanism makes it impossible to control price rise. "Retail price of petrol and diesel depends on a lot of factors and not just global movement of crude and product prices," the official said. In the wake of a spurt in global oil prices, the price of petrol in Delhi stood very close to the Rs 75 a litre-mark on Tuesday, at Rs 72.95. The price of petrol had remained unchanged nationally for 6 consecutive days between March 30 and April 4 even though the global price movement required an increase in retail prices.