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Fuel price cut depends on global trends: PM
By Manish Chand,
On Board Air India One, Jan 15 (IANS) Any decision to reduce domestic prices of petroleum products would depend on international crude oil prices, Prime Minister Manmohan Singh said Monday.
"It all depends on what happens to the international crude oil prices. When international prices come down, there will be scope for reducing (domestic prices)," Manmohan Singh told reporters while returning to India after attending the India-ASEAN and East Asia Summits.
"I am not an astrologer, I can't predict what will be the shape of international prices of petroleum products. We have reduced the prices of petrol and diesel only a few months ago," he said.

