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I expect a dip in prices of petroleum products soon: Sonia

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Rae Bareli (UP), Jan 28 : Prices of petroleum products are likely to be reduced soon, a step that will help bring down inflation rate further, Congress President Sonia Gandhi said today.

"The prices of petroleum products have decreased recently and I expect that soon they will dip further," she said.

With international crude prices continuing to drop, there is speculation that government may slash petrol prices by Rs 5 per litre. Gandhi said that despite a steep hike in the prices of international crude oil,"the Government kept it under control in the country by extending subsidy of Rs one lakh crore".

"I can say without hesitation that no Government has been able to achieve what the UPA regime has done in the last five years on all fronts," Gandhi said at the foundation laying ceremony of rail coach factory here.

" When the world was reeling under recession, India was bound to be affected. But the UPA government has been very alert," she said, adding that there has been no reduction in bank loans to small industries, agriculture, rural development and infrastructure sectors.

Thanking Railway Minister Lalu Prasad for setting up the rail coach factory, Gandhi hoped that in the next rail budget, Prasad would bring more good news for the region.

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