The price of crude oil in the international market has come down to US $ 45 per barrel.
This has resulted in considerable easing of the central government�s heavy burdens of import & subsidy.
This has also ended up earning huge profits for the oil corporations in India.
A direct outcome is the expected fall in prices of petrol & diesel.
A senior official from the ministry of petroleum informed that the prices of petrol & diesel may be reduced by Rs. 1/- to Rs. 2/- per litre.
It is expected that an announcement on this will be made tonight (14th January).
The reduced prices will be effective from tomorrow (Thursday, 15th January).