IBNLive.com: Breaking news from India

 

Font Size A+A-

Now, monthly revision of fuel prices

TimePublished on Fri, Jun 30, 2006 at 20:25, Updated on Fri, Jun 30, 2006 at 20:46 in Business section

TagsTags: Fuel, Price , New Delhi


ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

Ads by Google

New Delhi: The prices of petrol ,diesel, kerosene and LPG will now be revised every month. This is in line with the Cabinet decision taken on June 20, allowing the oil companies to revise the prices of petroleum products every month.

In order to avoid speculative activity, the government has advised oil companies to ensure the revision date is not predictable.

The government has also advised that the revision should be in line with every one dollar change in global prices.

The prices will be reviewed by comparing them to the preceeding month's figures. No separate government clearance would be required for such price revisions.

Earlier, on June 20, the government had allowed monthly revision of petrol, diesel, LPG and kerosene prices.

However, it was made clear then that the retail prices of these products will change only on every $1 rise in world prices.

Ads by Google
Related Ads:

Copyright © IBNLive.com. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of IBNLive.com is prohibited.

Every time I make a trip to the loo in office, there's always someone who wants to tell me how much weight I've lost

Follow Megha Mamgain as she burns the extra kilos on CNN-IBN, Sat: 12:30 pm,
6:30 pm
and Sun: 2:30 pm

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us | Connect.in.com

© 2009 IBNLive.com India. All Rights Reserved. A Web18 Venture

CNN name, logo and all associated elements ® and © 2009 Cable News Network LP, LLLP. A Time Warner Company. All rights reserved. CNN and the CNN logo are registered marks of Cable News Network, LP LLLP, displayed with permission. Use of the CNN name and/or logo on or as part of CNN-IBN does not derogate from the intellectual property rights of Cable News Network in respect of them.

Site powered by URBANEYE