'India may cut oil prices further'

Oil and Petroleum Minister Minister Murli Deora said on Saturday that India may cut fuel prices again. The government had lowered state-set rates for petrol and diesel in December. Deora while talking to reporters in Mumbai said that oil prices would be reduced in another 5-10 days. Deora further added the price of Liquefied Petroleum Gas might be slashed by 25 rupees per cylinder and diesel and petrol by 3 and 5 rupees, respectively.