Government likely to cut petrol, diesel prices ahead of LS polls
The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the burden.
The last time the price of petrol and diesel were reduced was in May last year when the Finance Ministry had cut the excise duty on petrol by Rs 8 per litre and that on diesel by Rs 6 a litre. Image Source: Pixabay