The government is likely to cut petrol and diesel prices by Rs 4 and Re 1 a
litre, respectively, today


The Cabinet Committee for Economic Affairs (CCEA) is expected to meet this
evening to take this decision, given the cheap crude prices in the global
market.

The government had last cut petrol prices on December by Rs 5, and diesel
rates by Rs 2 a litre.

Crude oil had subsequently climbed to a record high of $147 a barrel in
July, but has since come to $40 a barrel level.

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