Govt may cut fuel rates today; CCEA meet likely this evening
PTI | HT Correspondent, New Delhi
Jan 28, 2009 03:50 PM IST
The Govt is likely to cut petrol and diesel prices by Rs 4 and Re 1 a litre, respectively. The Cabinet Committee for Economic Affairs is expected to meet this evening to take this decision.
The government is likely to cut petrol and diesel prices by Rs 4 and Re 1 a litre, respectively, on Wednesday.
The Cabinet Committee for Economic Affairs is expected to meet this evening to take this decision, given the cheap crude prices in the global market.
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The government had last cut petrol prices on December 5 by Rs 5, and diesel rates by Rs 2 a litre.
Crude oil had climbed to a record high of USD 147 a barrel in July, but has since come to USD 40 a barrel level.
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