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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, Apr 17
01:30 Net Long-Term TIC Flows 1 $112.0B $35.2B $-42.2B Revised from $-45.2B
01:30 Total Net TIC Flows 1 $284.7B $-46.6B Revised from $-48.8B
04:15 Consumer Price Index (QoQ) 3 0.9% 0.7% 0.5%
04:15 Consumer Price Index (YoY) 3 2.5% 2.3% 2.2%
04:30 Fed's Schmid speech 2
07:00 National Australia Bank's Business Confidence (QoQ) 2 -4
07:00 Participation Rate 2 67.0% 66.8%
07:00 Employment Change s.a. 3 40.0K -52.8K
07:00 Full-Time Employment 2 -35.7K
07:00 Unemployment Rate s.a. 3 4.2% 4.1%
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