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
There are over 50,000 members under the Oil Sector Officers Association.
http://www.ibnlive.com/news/oil-psu-officers-to-go-an-strike-over-pay-revision/78980-7.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
Asian stock markets too dropped to a five-year low on Friday.
http://www.ibnlive.com/news/oil-tanks-falls-to-below-49-per-barrel/78647-7.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
Veerappa Moily on transparency, morality and reputation of Congress.
http://www.ibnlive.com/news/alva-is-her-own-enemy-she-went-too-far-moily/78290-3.html
PM says with oil companies still in red, the time is not right to slash prices.
http://www.ibnlive.com/news/crude-prices-low-but-pm-says-no-cut-in-fuel-prices/77955-7.html
He said he would do everything to help the industry tide over negative impacts.
http://www.ibnlive.com/news/indian-economy-doing-well-no-oil-price-cut-pm/77931-7.html
Oil refiners say they could lose potential revenue of as much as Rs 1,000 crore.
http://www.ibnlive.com/news/duty-cut-on-aviation-fuel-another-blow-to-oil-refiners/77586-7.html
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