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Friday, May 29, 2009

Govt may free petrol and diesel prices in six weeks: Deora

The Government will consider deregulating petrol and diesel prices in six weeks, Petroleum Minister Murli Deora said on Friday.

"The issue of deregulation is being discussed and it will be put up to the cabinet for a decision," he said after taking charge of the Petroleum Ministry for the second time today.

Asked about the time frame during which the decision is likely, he said: "In about six weeks."

Jitin Prasada also took over as Minister of State for Petroleum today.
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GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Apr 10
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
Friday, Apr 11
00:15 Fed's Goolsbee speech 2
04:00 Business NZ PMI 2 53.9
11:30 Manufacturing Production (MoM) 2 0.2% -1.1%
11:30 Manufacturing Production (YoY) 1 -2.4% -1.5%
11:30 Industrial Production (MoM) 2 0.0% -0.9%
11:30 Industrial Production (YoY) 1 -2.3% -1.5%
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