So friend times come to cheers,Today 28 Jan 2009,Indian government on Wednesday announced further reduction in petrol and diesel prices by Rs 5 and Re 2 a liter, respectively. The consumer price of cooking gas was also reduced by Rs 25 a cylinder.
This is very good news because Crude oil had climbed to a record high of $147 a barrel in July, 2008, but has since come down to $40 a barrel level.
Our website just discuss this thing before read When petrol price degrade
So Now bot are in profit, I think this will change infliction rate of next week, but how long this price remain same that we have to see.
Best Reading:
- Concept of Mutual Funds
- Benefits of Mutual Fund
- Petrol strike why we suffer
- Ramalinga Raju & Small Investors
- What is Net Asset Value (NAV)
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