Sunday, May 15, 2011

India hikes petrol price to offset crude costs (AFP)



An Indian auto-rickshaw driver fills his vehicle with petrol at a road side shop on the outskirts of Hyderabad on May 13. India's state-owned fuel firms on Saturday hiked petrol prices by nearly nine percent to help stem revenue losses from a rise crude prices, a record rise that will fuel stubbornly high inflation.(AFP/File/Noah Seelam)AFP - India's state-owned fuel firms on Saturday hiked petrol prices by nearly nine percent to help stem revenue losses from a rise crude prices, a record rise that will fuel stubbornly high inflation.




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