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Fuel price to become cheaper on Jan 15
New Delhi, Jan 15: Petrol prices might become cheaper by Rs 5 a litre on Thursday, Jan 15. In a cabinet meeting on Thursday, govt might also reduce the price of diesel by Rs 2 a litre and LPG by Rs 25 per cylinder.
The additional revenues to govt will be raised by increasing excise duty on petrol and diesel by a minimum of Re 1 per litre. Cabinet may also issue an additional Rs 30,000 crore oil bonds this fiscal year to make up for oil companies losses on the sale of LPG and kerosene.
OneIndia News (With inputs from Agencies)
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Story first published: Thursday, January 15, 2009, 12:40 [IST]
