(EnergyAsia, January 23, Wednesday) — India’s petroleum ministry said it may reduce taxes and duties to help reduce the burden of rising oil prices on consumers and oil companies which are being forced to sell fuel at below market rates.US benchmark crude prices have stayed mostly above $90 a barrel since last October, putting pressure…
INDIA: Petroleum ministry considers cutting taxes and duties to keep fuel prices rising
Posted on January 22, 2008 by EnergyAsia