Oil Prices To Go Up Again By The End Of Sept, 2010 In India

September 5, 2010

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2010 has got some often news for us tagged “Again Hike In Petrol Prices”. And the ritual continues! The Petroleum and Natural Gas Ministry, India is in a think through to hike prices of fuel oils in India. The amount of increase has not been decided yet by the ministry but its expected to be between Rs1 & Rs2. The bill may be passed in the parliament in few days as it was already said by the ministry dept that they will work on the hike after the monsoon session of parliament. The grounds on which price hike has evolved once again is the hike in crude oil barrels which is about $81/barrel. They have further added that the price hike may go far more if the crude oil prices don’t go down.

Getting very hard to survive riding on roads for pleasure. Especially for those who have owned the bikes which consumes petrol like cars.

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