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Government may slash petrol, diesel prices

Government may slash petrol, diesel prices
PTI
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First Published: Wed, Jan 07 2009. 02 29 PM IST
Updated: Wed, Jan 07 2009. 02 29 PM IST
New Delhi: The government Wednesday said it may cut petrol and diesel prices further in “the next two to three weeks” and also hinted at slashing cooking gas prices by Rs25-30 a cylinder.
“We will try to reduce the prices of petrol and diesel in the next two-three weeks,” Petroleum Minister Murli Deora told reporters at the All India Congress Committee headquarters .
Asked about the extent of reduction, he said it has still not been decided.
On 5 December, the government had announced a Rs5 per litre and Rs2 a litre reduction in petrol and diesel prices, respectively, as global crude prices hovered around four year lows.
To a question on cooking gas prices, Deora said: “There was loss on that count to the government.” He, however, hinted at a reduction of Rs20-25 per cylinder.
The minister expressed unhappiness over the truckers’ strike, saying: “Somebody perhaps is misguiding them,” while quickly adding the strike did not even concern his ministry.
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First Published: Wed, Jan 07 2009. 02 29 PM IST