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Petrol prices cut by Rs. 5, Diesel by Rs. 2

No Comments » Written on December 5th, 2008 by
Categories: Commentary, FuelPrices
As of Friday midnight, four hours from now, the prices of Petrol and Diesel in India will be down by Rs. 5 and 2, respectively.
A cut in diesel prices is expected to soften prices of fruits, vegetables, food grain and industrial products.

Inflation in food products has been steadily increasing and was at a nineteen month high of 10.43% according to the latest government data.

Food is not the only impact. It will positively impact auto, travel, wages and even diesel generator sales. Only thing is the increased taxi fares ain't going down easy. But this is good news.
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This entry was posted on Friday, December 5th, 2008 at 2:58 PM and is filed under Commentary, FuelPrices. You can subscribe to any comments to this entry via RSS 2.0. You can leave a response, or trackback from your own site.

About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

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