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Petrol prices on rise


Posted Date: 04 Jun 2008    Resource Type: News/Announcements    Category: General

Posted By: Avdhut Sonpethkar       Member Level: Gold
Rating:     Points: 1



Petrol price are supposed to go up by rs. 5 and diseal by rs.3 and cooking gas prices may go up by 50.
The crude oil price has plunged to 135$/barrel. This rise in prices of crude oil is costing oil industry 500 cr. loss daily and threatning fact is that the total loss may cross 200 million dollars. PM announced that the govt. cannnot sustain subsidies for oil any more. So be prepared for price hike.

I found a artical on price hike which gives complete history of increasing oil prices.

http://www.wtrg.com/prices.htm





Responses

Author: Jaydev Pawar    04 Jun 2008Member Level: Silver   Points : 1
ya it's really increasing year by year and your information is right


Author: prakash    04 Jun 2008Member Level: Gold   Points : 2
You're Absolutely right , because of high prices of petrol people are prefering bicylcle.
This would definitely rise the sales of bicylcles, electic cars, motorcylcles. This also reduces the pollution in the environment greatly by choosing electric vechicles. There is a good thing in the bad one also .


Author: Nithila    05 Jun 2008Member Level: Bronze   Points : 0
Thanks for your information.


Author: Radha    07 Jun 2008Member Level: Silver   Points : 2
Hi Avdhut,

It is very helpful website for updating the oil prices hike. Thanks for contributing the useful information with us. Keep Continuing. Best Wishes.


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