Considering the latest fall in international oil rates, oil firms in India plan to slash petrol prices by more than one rupee per litre shortly. But the oil companies may have wait for the Parliament’s decision to hike diesel prices.
Media reposts say that the Union Oil Ministry is under pressure from the ruling Congress party to defer any decision of raising both diesel prices till the end of this month to avoid roadblocks for passing important legislations in the current session of Parliament.
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