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Monday, June 7, 2010

Deora says need to raise fuel prices

Oil Minister Murli Deora said on Monday the government should raise state-set fuel prices as retailing firms were suffering losses.

The fuel pricing system is scheduled to be reviewed at 4:30 p.m. (1100 GMT) by a panel of ministers led by Finance Minister Pranab Mukherjee.

Deora did not say what the panel may decide.

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GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 16
04:00 Business NZ PSI 2 44.0 48.1 Revised from 48.5
04:31 Rightmove House Price Index (MoM) 1 -0.3% 0.6%
04:31 Rightmove House Price Index (YoY) 1 0.8% 1.2%
12:00 Producer and Import Prices (YoY) 1 -0.5%
12:00 Producer and Import Prices (MoM) 1 0.1% 0.1%
12:30 SECO Economic Forecasts 1
17:30 OPEC Monthly Market Report 1
17:45 Housing Starts s.a (YoY) 1 248.0K 278.6K
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