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|28th October 2008, 22:21||#61|
Join Date: Jul 2008
Thanked: 252 Times
I seriously thought that the government would announce a drop in prices this week.
I've been putting off tanking up my car for the last couple of days hoping for the same.
Will they reduce prices this week?
|29th October 2008, 13:08||#62|
Join Date: Apr 2007
Thanked: 3 Times
I do not see the fuel price falling below $60 per barrel and might well hover around $75 in the next few months with Opec cutting down production and the markets starting to stabilise. Anything above $66 per barrel will make it difficult for the ministry to bring down the prices as it will not be viable though the impending elections will have a say in this.
What I feel is the government might eventually bring the prices down a bit just before the election campaigns start....only to raise it back again once seated in the Lok Sabha for a further period of 5 years after the elections .
|30th October 2008, 20:18||#65|
Join Date: May 2007
Thanked: 37 Times
I doubt there is much of a case for prices to come down anytime soon.
|30th October 2008, 20:34||#67|
Join Date: May 2006
Location: Avon, CT
Thanked: 1,609 Times
Some food for thought:
BBC NEWS | Business | What is going on in the oil market?
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