India may cut fuel prices by about 10% by Jan-end

India may cut fuel prices by about 10% by Jan-end
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First Published: Wed, Jan 07 2009. 05 18 PM IST
Updated: Wed, Jan 07 2009. 05 18 PM IST
By Reuters
New Delhi: India may cut prices of petrol, diesel and cooking gas by around 10% by the end of this month, the oil minister, Murli Deora, told reporters on Wednesday.
“The price cut is under active consideration. In two to three weeks, a decision will be taken,” he said.
In December, the government cut gasoline prices by 10% and diesel by about 6 %.
“The cut may be as much as much last time, or may be even more,” Deora said.
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First Published: Wed, Jan 07 2009. 05 18 PM IST
More Topics: India | Fuel | Price Cut | Murli Deora | Petrol |