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Monday, June 28, 2010

India Government Hikes Petrol, Diesel & LPG Prices

Petrol and diesel prices will rise by up to Rs 3.73 per litre, and households will have to pay an additional Rs 35 per cylinder, the government said.

The poor man's cooking medium kerosene, meanwhile, will be dearer by Rs 3 a litre, it added.

A major call was the government's decision to free petrol from all pricing controls while diesel prices were hiked by Rs two a litre, Oil Secretary S Sundareshan announced after the meeting of the Empowered Group of Ministers.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jul 03
19:30 ISM Services Prices Paid 2 67.5 68.7
20:00 EIA Natural Gas Storage Change 1 55B 48B 96B
20:30 Fed's Bostic speech 2
21:00 4-Week Bill Auction 1 4.24% 4.00%
22:30 Baker Hughes US Oil Rig Count 1 425 432
Friday, Jul 04
24h Independence Day 0
11:15 Unemployment Rate s.a (MoM) 1 2.9%
14:00 S&P Global Construction PMI 1 48.5 47.9
20:30 BoE's Taylor speech 2
Saturday, Jul 05
21:15 BoE's Governor Bailey speech 3
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