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India responds to crude oil price hike

Posted by Oilism.com on May 7th, 2010 at 02:00am


New Delhi, Jan 4 (ANI): Oil prices hit the once-unthinkable $100-a-barrel mark on 2nd January. Responding to the first time ever triple-digit price for crude oil, India’s oil Minister Murli Deora indicated that that the government could raise domestic fuel rates or cut duties to ease losses at state-run oil retailers. Deora said there could be a duty cut as suggested by the left parties.

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4 Comments for India responds to crude oil price hike

  • 1. peymaania  |  May 7th, 2010 at 2:45 am

    I think you are on the right path. India should burn shit(Cow Dung) to fuel Vehicles!

  • 2. myx1997  |  May 7th, 2010 at 3:26 am

    this made my dad VERY AND SEVERELY ANNOYING he keeps on annoying me about this…

  • 3. 161803  |  May 7th, 2010 at 3:48 am

    Haha, the stupidity of price ceilings, episode 2443.

  • 4. desirudeboy101  |  May 7th, 2010 at 3:59 am

    india is a shithole

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