The Nifty Trading Lounge
- Thread starter Taurus1
- Start date
The scared govt takes backseat on revising Diesel, LPG, Kerosene Prices...
http://in.reuters.com/article/2012/05/28/petrol-price-hike-diesel-lpg-kerosene-idINDEE84R04O20120528
Reddy said his ministry had recommended raising the factory gate tax on diesel-driven vehicles to curb growing consumption of the fuel, which is currently sold at substantially cheaper prices than petrol.
Shares in state oil companies Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Oil and Natural Gas Corp extended their losses after Reddy's remarks.
http://in.reuters.com/article/2012/05/28/petrol-price-hike-diesel-lpg-kerosene-idINDEE84R04O20120528
Reddy said his ministry had recommended raising the factory gate tax on diesel-driven vehicles to curb growing consumption of the fuel, which is currently sold at substantially cheaper prices than petrol.
Shares in state oil companies Hindustan Petroleum Corp Ltd, Bharat Petroleum Corp Ltd and Oil and Natural Gas Corp extended their losses after Reddy's remarks.
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