New Delhi, Nov. 25: India may cut fuel prices towards the end of December as the code of conduct for ongoing assembly elections bars potentially vote-winning policy moves, said Petroleum and Natural Gas Minister Murli Deora on Tuesday.
Crude oil prices have fallen from its July peak of 147 dollars a barrel to 54 dollars on Tuesday, but India has not cut fuel prices, unlike Malaysia, which last week announced a fifth cut in prices.
Deora said he is assured of a good relief to the consumers.