Hi friends.Happy to meet you all again with an interesting article.After a long period and by an hard decision,our central government lowered petrol and diesel prices from yesterday.Petrol lowered by Rs.5 and diesel for just Rs.2,even though the barrel price is still under $50.Petroleum minister did not got any authentication from his party leader to cut down the prices as it has been said that after 4 state's election there will be a reduction in price.But there has been more comments from the opposition parties for not reducing the petrol and diesel prices that owed petroleum minister to make a decision.Even though the petroleum companies suffering from huge loss by selling petroleum products below the production cost,central government did not reduced prices as this will compromise the companies losses.But a nation wide speculation and urge to cut down oil price let the central govt in a critical position as it announced it yesterday.
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