Petrol price likely to be decreased

The government may decrease oil prices upto Rs 1.50 per liter while CNG price is expected to be cut by Rs 1.25 per kg owing to 60 per cent parity between the prices of Petrol and CNG.The price of petrol may go down by Rs 1.50 per litre, kerosene oil Rs 0.60 per litre, Light Diesel Oil Rs 0.55 per litre and (HOBC) by Rs 1 per litre.Per litre price of High-Speed Diesel is likely to be maintained at current price.