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"We have talked to Prime Minister, in coming days we are trying to reduce the prices of petrol, diesel and LPG...give us 10 -15 days," Deora told reporters.
"According to me the advisable reduction would be Rs 5 per litre for petrol, Rs 3 per litre for diesel and Rs 25 on LPG cylinder," he said when asked about the extent of reduction in prices.
Oil companies have minimised the losses on petrol and diesel, as crude oil prices have lowered to USD 40 per barrel from its peak of USD 147 a barrel in July last year.
"From this quarter onwards, we expect the oil marketing companies to start making profits. But, if the crude oil price rises beyond 40 dollar per barrel, then it (profit) will not happen," Deora added.
When asked about a reduction in kerosene prices, he said it is already available at the cheapest rate in India of Rs 9 per litre.
On December 6, the Government had reduced prices of petrol and diesel by Rs five and Rs two per litre, respectively, as global crude prices hovered around four year low.
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It is the honest Citizen of this country who are suffering due to wrong Poliy of the Government. Government earn a lot in Taxes but there is a parellel Economy in this Country. It is all due to the ieffeciecy of the Policy makers. Kerosene is not available at Rs 8-9 as per Minister Statement. but Public is well aware that it is ment for helping the Patrolium Companies
Another Political Stunt , Who is stopping Murli now to reduce the prices.As public have short memory so the Political Party wants to encash the same
It is all a political game of Congress
it is all political stunts as general elections are to be held in near future and they know that till now this government was a big failure in all the areas.
Government takes much time to decide tranfering the benefits to the people. But it works faster in increasing the rates.
government found easier way to agument their income through sale of petroleium prices and it is some short of cheating the public.