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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 17
23:00 Fed's Cook speech 2
Friday, Jul 18
01:30 Total Net TIC Flows 1 $311.1B $-14.6B Revised from $-14.2B
01:30 Net Long-Term TIC Flows 1 $259.4B $-8.2B Revised from $-7.8B
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08:30 Credit Card Spending (YoY) 1 0.9% 2.0% Revised from 2.2%
17:30 Fed's Waller speech 2
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18:00 Housing Starts Change 1 -9.8%
18:00 Building Permits Change 1 -2%
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