Petrol prices likely to come down by Rs 2

New Delhi: In what comes as a major relief for the 'Aam Aadmi', the petrol prices are likely to be brought down by Rs 2.

According to sources in the Oil Ministry, though the cut down cannot be termed as a rollback, it is the government that has suggested the reduction in the prices.

The sources further said that the slashing of the prices would be a political decision, adding that the concerns of the oil companies need to be addressed.

If the prices are brought down, it will be the first reduction in the fuel prices since June 2010 when it was unshackled from the control of the government.

The move is also expected to douse popular and political anger ahead of the winter session of Parliament, scheduled to begin from November 22.

It must be noted, that the petrol prices have been hiked five times since December 2010.

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