Thursday, June 5, 2008

Thursday, India and Malaysia raised gasoline prices. The two countries have been under the burden of fuel subsidies. The hike in price was announced on Wednesday. Indonesia and Taiwan had announced it a week ago. Indonesia raised the fuel prices by 30% where as Malaysia registered a 40% hike.

This was the second time of the year when India went on to increase fuel prices. There was a hike of 11%. Not only petrol - diesel and cooking gas prices climbs up. The gasoline prices were being raised 5 rupees a liter and diesel prices 3 rupees a liter on Wednesday midnight. Now the current gasoline price in Delhi is 50 rupees and varies in other states depending on taxes.


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