After steep decrease in crude oil prices in world market, Indian Government is coming under lot of pressure to decrease prices of petrol and diesel. Therefore, Government of India has assured that they are considering following changes in Petrol, diesel and LPG prices Rs 5 decrease in Petrol price, Rs 3 decrease diesel price and Rs 25 per cylinder decrease in LPG price.
With this people of India can get some relief because decrease in prices of petrol, diesel and LPG cylinder can further decrease the prices of other commodities because transportation cost will decrease. There is also one more reason behind this decrease in prices of petrol, diesel and LPG, as Loksabha elections are coming very near and within few days we can expect declaration in this regard.
Any decision to decrease prices of LPG will definitely be a political compulsion because government is selling LPG on subsidy. This decrease will definitely provide a political agenda to UPA government. However, one thing is clear that lot of people in India will benefit from this price decrease which will further help us in growing fast.