Good news for Diwali: Fuel prices to be cut
You can hope to save on your fuel bill soon. In a possible Diwali gift to the nation, the government said Thursday an announcement on a fuel price cut would be made in a week.
“The matter is being examined and an announcement will be made within a week,” petroleum minister Murli Deora told the Lok Sabha during Question Hour, as Opposition members demanded an immediate cut with global crude prices falling.
The international crude price has plummeted from $147 per barrel in September to $61.47 per barrel in October. Mr Deora said that despite this the government was still losing money as the Indian rupee had also got devalued in the same period by 25 per cent.
To read the full article, click here..
To read the ePaper, visit:
http://epaper.asianage.com/Asian/AAge/2008/10/24/index.shtml
“The matter is being examined and an announcement will be made within a week,” petroleum minister Murli Deora told the Lok Sabha during Question Hour, as Opposition members demanded an immediate cut with global crude prices falling.
The international crude price has plummeted from $147 per barrel in September to $61.47 per barrel in October. Mr Deora said that despite this the government was still losing money as the Indian rupee had also got devalued in the same period by 25 per cent.
To read the full article, click here..
To read the ePaper, visit:
http://epaper.asianage.com/Asian/AAge/2008/10/24/index.shtml
Labels: crude prices, demanded, Diwali, Diwali gift, fuel bill, fuel price cut, government announcement, Lok Sabha, Opposition members, petroleum minister Murli Deora, Question Hour
posted by PressMart Team @ 11:47 AM
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