Petrol, diesel, cooking gas prices to be cut

January 10th, 2009 - 3:40 pm ICT by IANS  

Mumbai, Jan 10 (IANS) Petrol, diesel and cooking gas prices may be cut further to bring them in line with international rates, Petroleum Minister Murli Deora said here Saturday. The government might reduce petrol prices by Rs.5 per litre, diesel prices by Rs.3 per litre, cooking gas (LPG) prices may be cut by Rs.20-25 per cylinder.The exact quantum of the cut is expected to be announced in a week.

The announcement comes three days after the minister said that the government may announce another cut in fuel prices soon.

Fuel prices were last cut Dec 5 after global crude oil prices plunged.

In Delhi, Ashok Badhawar, president of the Federation of All India Petroleum Traders, told IANS he had come to know of an impending price cut but did not know the details.

“We have heard that the minister has announced a price cut. As of now we do not know by how much,” said Badhawar.

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