Transporters’ body AIMTC on Friday termed the recent 14-16 paise per litre cut in petrol and diesel prices across major cities as “ostentatious”, and said there is still a room to reduce their prices by up to Rs 40 per litre.

In a statement, the All India Motor Transport Congress (AIMTC), which claims to be representing over 95 lakh truckers and entities, said it is an open fact that this small cut in the petrol and diesel prices has a bearing on the election in four states — West Bengal, Tamil Nadu, Kerala and Assam.