The fuel price hike has been deferred again for sometime
Thursday, June 16, 2005 (New Delhi):
Sources in the government said that the CCEA deferred the issue as some of the crucial cabinet ministers were not present at the meeting.
Earlier today, petrol and diesel prices were expected to be raised by Rs 1- 1.50 per litre.
Petroleum Minister Mani Shankar Aiyar will however, meet Prime Minister Manmohan Singh.
The two leaders are trying to finalise the means to wriggle through rising cost of crude and increase in taxation.
The Left parties, a key ally in the UPA coalition have already warned that they will launch a nationwide agitation if fuel prices are raised beyond what is acceptable to them.
Soaring price
Meanwhile, global crude oil prices rose to the highest in more than two months after the US Energy Department reported a larger-than-expected decline in US inventories.
An OPEC agreement to boost production quotas by 5 lakh barrels a day ailed to stop the gains.
Source
Bad idea. You see, ONGC, IOC etc will crash, share prices will go down, IT companies will be affected, and all of us will be out of jobs.
KingKrool:
Bad idea. You see, ONGC, IOC etc will crash, share prices will go down, IT companies will be affected, and all of us will be out of jobs.
Thats true …this will lead to markets going down…unless tech sector will d something to rev up the market on the particular day..
Thts been on since quite a long time said by the govt that the priv comps have 2 share the burden…
arre i got my car filled up yesterday
nice
…wht say dudes and doodets
