PS Plus price has been reduced in certain regions around the world. This includes India and Russia where the price of PlayStation Plus has been slashed.
Sony is currently offering PS Plus subscription for subscribers in North America and Europe that costs $59.99/£49.99 for a whole year or $9.99/€8.99 for a month. This price is different depending on the region of the store. It is cheaper in Asia, as an example.
Sony has now confirmed that they will be reducing the price of PlayStation Plus subscription in India and Russia. These new prices will be effective from May 1st.
Here is the new subscription price for PlayStation Plus in India.
Here is the new subscription price for PlayStation Plus in Russia.
It is possible that more regions are included in this price drop but only these two have been confirmed so far. If you have received an email from Sony, you will be able to check out if the price has been dropped depending on your regional PlayStation Store.
PlayStation Plus is a separate subscription service from PlayStation Now. The former is needed to play multiplayer games online while also getting two free games every month. The latter is a game subscription service that offers the choice of both downloading and streaming games for the PS4.