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Possible to reduce petrol price by Rs 25 per litre, but the government won’t: P Chidambaram

New Delhi: Former Finance Minister P Chidambaram on Wednesday said that it is possible to reduce the petrol price up to Rs 25 per litre, but the Union government will cheat the people by cutting the price by Rs 1 or 2 per litre of petrol.

The Congress leader claimed that with the fall in crude oil prices, it is possible to slash the petrol prices by Rs 15 per litre. The government can also cut the additional tax of Rs 10 per litre on petrol, he added.

In a series of tweet Chidambaram said Central government saves Rs 15 on every litre of petrol due to fall in crude oil prices. Central government puts additional tax of Rs 10 on every litre of petrol.


Yesterday BJP president Amit Shah said “The government is taking the matter of oil prices seriously. Petroleum minister will have a meeting with the officials of the oil companies. We are trying to work out a formula to reduce the prices in the next three to four days.”

Union minister of state for finance Shiv Pratap Shukla also said that hike is a result of global crude oil price increase and US sanctions on Iran.

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