Saturday,
June
7,
2008, Chandigarh, India
Updated at 3:00 am (IST)
Fuel Price
Hike
UPA
differs on rollback
New Delhi, June 6
After countrywide
agitations, the Central government is now in a rollback mode
and is planning to reduce petrol and diesel prices by Re 1 and
Rs 0.50 per litre, respectively. Petroleum minister Murli
Deora has laid down a condition for the rollback saying if
states agree to forgo incremental sales tax revenue, the
government will reduce the prices.
Editorial: Protesting
too much
Videos: India simmers with
protests over fuel price hike.(56k)
Fuel price hike spells trouble for farmers. (56k)
Oil
marketing firms hike prices
Chandigarh, June
6
The oil marketing
companies, Indian Oil Corporation, Hindustan Petroleum and
Bharat Petroleum, have hiked the prices of premium petrol by
Rs 6 per litre and of premium diesel by Rs 3.50-4.25 per litre.
Since these premium fuels (high performance petrol and diesel
mixed with additives) are outside the purview of price
control, the prices are loosely pegged to normal petrol and
diesel price.
Inflation
at 45-month high, touches 8.24 pc
New Delhi, June 6
Inflation climbed to 8.24
per cent, a new high in 45 months, although essential food
items like fruits and vegetables and spices turned cheaper,
making the government think of more steps to ease prices.
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