Economic Calendar

Wednesday, November 5, 2008

India May Cut Fuel Prices by as Much as 2 Rupees, Times Reports

Share this history on :

By Saikat Chatterjee

Nov. 5 (Bloomberg) -- India's federal government may lower fuel prices before elections are held in some states later this month, Economic Times reported, citing unidentified government officials.

The government may reduce gasoline prices by as much as 2 rupees a liter and diesel prices by as much as 1 rupee, the newspaper said.

India will hold assembly polls in six states including Madhya Pradesh, Delhi, Jammu & Kashmir and Rajasthan in November and December.

To contact the reporters on this story: Saikat Chatterjee in New Delhi at schatterjee4@bloomberg.net.




No comments: