India responds to crude oil price hike

Written by:
Subscribe to Oneindia News

New Delhi, Jan 4, 2008 : Oil prices hit the once-unthinkable $100-a-barrel mark on 2nd January.

Responding to the first time ever triple-digit price for crude oil, India's oil Minister Murli Deora indicated that that the government could raise domestic fuel rates or cut duties to ease losses at state-run oil retailers. Deora said there could be a duty cut as suggested by the left parties.

Watch Video

OneIndia News

Please Wait while comments are loading...