India Inc on Wednesday welcomed the Government's decision to raise fuel prices, saying the move would help oil companies reduce their huge subsidy burden.
Common people and Opposition parties alike criticised the hike.
http://www.ibnlive.com/news/common-people-opposition-sore-over-fuel-price-hike/96129-3.html
Crude prices have risen to above 70 dollar per barrel mark from below 40.
http://www.ibnlive.com/news/petroleum-minister-says-rising-crude-prices-worrisome/94765-7.html
Asian stock markets too dropped to a five-year low on Friday.
http://www.ibnlive.com/news/oil-tanks-falls-to-below-49-per-barrel/78647-7.html
The inflation rate stood at 11.44 percent for the week before.
http://www.ibnlive.com/news/fm-confident-falling-crude-will-ease-inflation-further/76554-7.html
Chidambaram says oil marketing companies are still making under recoveries.
http://www.ibnlive.com/news/chidambaram-rules-out-cut-in-fuel-prices/76395-7.html
Iran oil minister says this will help in preventing crude prices from falling.
http://www.ibnlive.com/news/iran-calls-for-emergency-opec-meeting/76242-7.html
Crude has had a tumultuous journey ever since hurricane Gustav moved in.
http://www.ibnlive.com/news/oil-falls-on-slowing-us-demand-dollar/72954-7.html
That gloomy outlook sent stocks tumbling, Dow Jones fell 400 points.
http://www.ibnlive.com/news/oil-prices-surge-touch-new-record-at-139-a-barrel/66769-7.html
Nearly 1,000 truck drivers drove into London to protest rising fuel costs.
http://www.ibnlive.com/news/london-truckers-add-fuel-to-fire-protest-oil-duty/66121-2.html
Decision on raising prices for petrol and diesel is unlikely before next month.
http://www.ibnlive.com/news/india-plans-duty-cut-to-make-petrol-price-hike-pinch-less/57260-7.html
The UPA Government has ruled out any hike in the retail prices of fuel in the immediate future.
http://www.ibnlive.com/news/upa-says-no-to-immediate-fuel-price-hike/52240-7.html
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