Domestic petrol prices can fall if global rates

New Delhi, August 09:The government today held out the possibility of a cut in domestic prices of petrol if international prices come down sharply and in a stable way.

Asked if the petrol prices will come down because international prices have gone down, Oil Minister S Jaipal Reddy told reporters here that “if the prices globally come down sharply and in a stable way, naturally the prices of petrol would be adjusted downwards”.

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