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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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GMT+5:30 Event Vol. Actual Consensus Previous
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21:30 Fed's Goolsbee speech 2
22:00 Fed's Harker speech 2
22:30 30-Year Bond Auction 1 4.813% 4.623%
23:30 Monthly Budget Statement 2 $-161.0B $-236.6B $-307.0B
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00:15 Fed's Goolsbee speech 2
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11:30 Manufacturing Production (MoM) 2 0.2% -1.1%
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