No idea whether masses would be glad or sad to hear that the government is planning to lower the prices of petroleum products by another Rs 8 per litre from February 1.
The price of petrol is likely to be reduced by at least Rs 8.65, while the price for high speed diesel will fall by at least another Rs. 7.66 per litre. According to sources, the petroleum products’ prices are likely to be reduced by at least Rs 11 starting from February 1, 2015.
The price for kerosene oil is likely to decrease by at least Rs 5.28 per litre, light diesel is set to fall by Rs 7.37 per litre, and high-octane by Rs. 11 per litre.
The country is already facing shortage of petrol so it remains to be seen if any of this newly cheap petrol will even be available for consumption.