Fuel prices to be cut after Dec 24: Deora

The government will cut petrol and diesel prices after Assembly elections are over on December 24, Petroleum Minister Murli Deora said on Tuesday, the FT reports. The crude price has been decreasing significantly. Earlier, Deora had reportedly told to reduce fuel prices provided the crude price drops below the $ 65 per barrel. Now the crude price at around $54 per dollar.

However the scenario internationally regarding the global crude price, but in India it is factor for elections. It's trump card and used at proper time. The fuel price will reduce only after the assembly elections are over and people need to wait untill 24 December to see the price down.

The election fever may give some relief to Aam Admi in form of a great reduction in the fuel prices after the assembly elections are over. There may be more offers during the general elections as parties are recalling the slogan of Aam Admi.