But it wont lower oil prices
Railway minister Lalu Prasad Yadav's announcement of a 5% cut in the freight rates for moving petrol and diesel is indeed an effort to bring back the oil traffic from roads to the railways. The reduction in freight rate, announced as part of the Railway Budget proposals for 2008-09, is not sufficient enough to warrant any cut in the consumer prices of petrol and diesel. The freight rate cut will help the oil Companies