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Thursday, January 29, 2009

Govt cuts petrol, diesel and LPG prices

The government on Wednesday, 28 January 2009, midnight slashed petrol prices by Rs 5 per litre, diesel by Rs 2 per litre, and LPG by Rs 25 per cylinder, in an attempt to pass on the benefit of weakening international oil prices to consumers.

Earlier, on 6 December 2008, the government had reduced the petrol price by Rs 5 a litre and diesel price by Rs 2 a litre.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 03
12:00 Consumer Price Index (MoM) 2 0.2% 0.0% 0.1%
12:00 Consumer Price Index (YoY) 3 0.1% -0.1% -0.1%
14:00 S&P Global Composite PMI 1 52.0 50.7 50.7
14:00 S&P Global Services PMI 1 52.8 51.3 51.3
14:00 BoE Credit Conditions Survey 1
18:00 Nonfarm Payrolls 3 110K 139K
18:00 Average Hourly Earnings (YoY) 3 3.9% 3.9%
18:00 Average Hourly Earnings (MoM) 3 0.3% 0.4%
18:00 U6 Underemployment Rate 2 7.8%
18:00 Unemployment Rate 2 4.3% 4.2%
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