Economic Calendar

Wednesday, November 19, 2008

India May Cut Fuel Prices by End of Next Month, Standard Says

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By Pratik Parija

Nov. 19 (Bloomberg) -- India may cut retail fuel prices by the end of next month after elections in six states are completed, the Business Standard reported, citing people it didn't identify.

The government is set to reduce rates of diesel, gasoline and cooking gas as crude prices have declined, the report said. The Election Commission's rules bar the government from cutting prices until the polls are over, the newspaper said, citing a minister it didn't identify.

To contact the reporter on this story: Pratik Parija in New Delhi at pparija@bloomberg.net.




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