Fuel price hiked
June 4, 2008 – 1:29 pm by Charles PennefatherThe price of petrol has been hiked by Rs 5 and the price of diesel by Rs 3. The hike will come into effect at midnight.
Petroleum minister Murli Deora announced the help the government will be offering the oil companies. Among other things are a reduction in excise duty by Re 1 on petrol and HSD, a cut in customs duty to zero and the provision for oil bonds for OMCs, in a bid to recover Rs 94600 crore of under-recoveries.
2 Responses to “Fuel price hiked”
This is my’AWESOME FOURSOME’ of Fuel price hike:
1.Ineffective policies
2.lack of strategic thinking
3.Population explosion not under control
4.Failure of the Government Fiscal authorities to to have a control over the essential commodities pricing..etc…
By Siva P on Jun 6, 2008
Its very tough for the government also to control the rising fuel prices. fuel prices are depending on the world market and it cannot be controlled much by governments.
By Truckers Against High Fuel Prices on Jul 5, 2008