Saturday, September 17, 2011

Newswallah: In the English-Language Press Today -

Newswallah: In the English-Language Press Today - "Government oil companies raised the price of petrol (Times of India) by 3.14 Indian rupees per liter yesterday in a move that is expected to stoke inflation and upset household budgets. This is the third substantial increase since January. Oil companies argue that a fall in the rupee against the American dollar increased their cost of crude, forcing them to raise the price. There’s more bad news for households. A group of ministers is likely to consider limiting the supply (Hindustan Times) of subsidized liquefied petroleum gas cylinders today in an effort to cut the government’s overwhelming fuel subsidy bill."

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