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Article: Govt may cut diesel prices by Rs 2 before signing off.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 25, 2009
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Govt may cut diesel prices by Rs 2 before signing off
New Delhi, Feb 25 (PTI) -- In probably the last pre-poll bonanza, the government may cut diesel price by Rs 2 a litre in a "day-or-two" but there would be no reduction in petrol prices.
Government wants to announce the price reduction, on top of the Rs 4 a litre cut in two installments since December, before General Elections are announced, an official said.
"The Cabinet may meet in a day-or-two to decide on the reduction," he said. "Most likely, the Cabinet may meet tomorrow." A reduction in diesel price would pull down inflation and make goods transportation, especially fruits and ...