Prime Minister: No fuel price cuts for now
November 12th, 2008 Leave a comment Visited 22 times, 1 so far today
Prime Minister: No fuel price cuts for now
India’s Prime Minister Manmohan Singh has clarified that the government has no plans to cut the price of petroleum products.
He said: “Even now the Indian oil companies have to bear a very heavy burden”.
Market was expecting a cut in the price of petrol and diesel considering crude is trading at a low price compared to few months back.
Singh added: “We have been subsidizing LPG, kerosene and diesel to a certain extent. If the prices keep going down, we will explore the possibility.”
He spoke about the need to bailout the Indian airline companies: “There is the employment angle to be looked at. If airlines close down, there will be considerable unemployment.”
Diesel, fuel prices, India, kerosene, LPG, Manmohan Singh, Oil and Refineries, Petrol
Somanshu
Category: Uncategorized
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