Petrol price likely to fall further: Pranab Mukherjee
The finance minister of India, Pranab Mukherjee has indicated the petrol price may fall further in the coming period of time as the crude oil prices fall in the international market.
Earlier, the UPA government and Oil companies has announced a hike of Rs 7.54 per liter in petrol price in the country on 24 May.
This was the highest growth in the petrol in recent past, however, the central government cut petrol prices by Rs 2.02 per liter last week. Read more
The hike of Petrol prices upto Rs 7.50 per litre last week, moved in a nationalwide strike, called by the NDA, Left parties and many key allies of the UPA on Thursday, hitting worse the transport routes.
The government still with its node not to reduce the hike as long as opposition pressure, but source said that there is more chances to reduce petrol price by Rs 1.50-1.60 a litre by the oil companies on Friday, or may be in the middle of next week. Read more