UPA Government has indicated that prices of petrol and LPG might be cut in December after the state Assembly elections get over. Petroleum Minister Murli Deora has already written to Congress President Sonia Gandhi saying petrol prices can be cut by Rs 5 and domestic LPG cylinders by Rs 20. However, BJP says the move is aimed to woo voters and has gone to the EC citing violation of the model code of conduct.
Deora proposes a cut of Rs 5 in petrol prices and Rs 20 in domestic LPG cylinders.
http://www.ibnlive.com/news/deora-sends-petrol-lpg-price-cut-proposal-to-sonia/79041-3.html
Deora had earlier said a price cut was under consideration.
http://www.ibnlive.com/news/oil-prices-will-be-cut-after-assembly-polls-govt/78955-7.html
US light crude for January delivery rose 67 cents to $50.60 by 0238 GMT.
http://www.ibnlive.com/news/oil-rises-above-50-opec-cut-eyed/78895-7.html
US crude fell $3.71, to $49.91 a barrel by 1402 GMT, the weakest level since January 2007.
http://www.ibnlive.com/news/crude-dips-below-50-for-the-first-time-since-jan-2007/78603-7.html
This is the lowest level of oil in almost 2 years.
http://www.ibnlive.com/news/oil-prices-fall-below-56-mark-after-g20-meet/78362-7.html
With dollar getting stronger, non-US airlines are paying more to buy oil.
http://www.ibnlive.com/news/drop-in-fuel-prices-offset-by-economic-crisis/76571-7.html
Oil Minister Murli Deora said a decision will be taken based on OPEC meeting.
http://www.ibnlive.com/news/no-bailout-for-airlines-but-fuel-prices-may-be-cut/76536-7.html
The metal is a favoured mode of investment, especially in turbulence.
http://www.ibnlive.com/news/gold-jumps-more-than-2-per-cent-on-bargain-hunting/76260-7.html
Oil rose more than $3 on Friday, rebounding from a 15-month low.
http://www.ibnlive.com/news/oil-price-rise-on-wall-street-rally/76067-7.html
Fall is being attributed to decline in oil prices and manufactured goods.
http://www.ibnlive.com/news/inflation-drops-to-1144-per-cent-on-falling-oil-prices/75946-7.html
Gold prices registered the highest one-day climb in 26 years.
http://www.ibnlive.com/news/gold-prices-climb-rs-1000-per-10-gm-in-a-day/73830-7.html
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