Inflation raced to a 13-year high of 11.05 per cent for the week ended June 7, 2008, driven by a 7.8 per cent rise in fuel, power and lubricants prices and a 14 per cent surge in ATF prices. Non-food articles were up by 1.04 per cent. Food articles, however, were down by 1.1 per [...]
Archive for the ‘Inflation’ Category
Inflation races to 13-year high of 11.05%
June 20, 2008World’s costliest & cheapest petrol countries
June 20, 2008The price of petrol in India is going through the roof. Reason? Global oil prices are at all-time high levels (about $130 per barrel) and the nation’s public sector oil companies can no longer sustain the heavy subsidy on petroleum products. So the government had no other way out but to increase the prices of [...]
