Cover miles

The first official announcement on freeing the domestic prices of petrol and diesel from government control came on Friday, when Petroleum Minister Murli Deora said that his ministry is considering de-regulation of the fuel prices.

At current crude oil prices of $60 a barrel, it would mean an increase of petrol prices by Rs 2 a litre, diesel prices will fall by 50 paise a litre.

This seemed to have put direct impact on the shares of oil marketing companies like Bharat Petroleum and Indian Oil Read more…

Technorati Tags: Bharat petroleum, deregulating fuel prices, freeing Fuel prices, Indian Oil corporation, Murli Deora, Oil Marketing companies, OMCs, petroleum minister, what is deregulation