Zee Media Bureau
New Delhi: Oil Minister Dharmendra Pradhan on Tuesday said the decision to cut in diesel price will be taken at a right time when the poll code is lifted on October 19.
"You know there is election code of conduct... We will take the right decision at the right time," Oil Minister said.
On September 30, oil companies had slashed the price of petrol across the country but the price of diesel was put on hold wating for prime minister Narendra Modi to return from the US.
However, with state elections ahead, the government has put on hold the cut in diesel price citing that it could violate election code.
With the price of international crude oil falling to over a four-year low of USD 88 per barrels, oil companies in India are likely to slash the prices diesel by 2.50 after the elections are done.
If diesel price is cut, it will be the first reduction in more than four years.
