Further to the decrease in the international oil rates and appreciating value of the Indian rupee, the petrol prices may get reduced by Rs 1 to 1.5 per litre. However, the price hike in diesel and LPG are of no change. When enquired to the oil secretary – Vivek Rae, he said that the diesel and LPG price hike are economic and political challenges.
When he spoke at a conference held by the Delhi productivity council, he said that there is no chance of running away from such a challenge.