There is a possibility of a reduction in the prices of petrol and diesel from May 1. After the reduction in the price of Brent crude oil, there is a possibility of a reduction in the price of petrol by Rs. 5 and diesel by Rs. 8 per liter.
According to the details, after the reduction in the price of Brent crude oil in the international market, the government (yesterday) reduced the price of petrol by Rs. 5 per liter from Rs.290.38 to Rs.282.38 per liter.
Similarly, the price of kerosene may be reduced by Rs. 8 per liter from Rs 193.8 to Rs. 185.5 and the price of light diesel oil may be reduced by Rs 5.37 from Rs 174.34 to Rs. 168.97 per liter, government and industry sources told.