Fuel Prizes in India:

As per the latest news Government of india said that India should adjust fuel prices to reflect the cost of global crude. It says that the country imports almost 75% of the of the oil consumed.

"Domestic prices of gasoline and diesel have to be broadly in sync with global prices of these items" said by finance Minister Pranab Mukherji. He also told" the government will setup an expert group to advise on the viable and sustainable system of pricing petroleum products."

Oil Minister Murli Deora sad "he plans to seek cabinet approval within six weeks to free up fuel prices from state control.

No one knows what will happen to the Indian markets as government has no control and it seems like government tends to follow the trends set by western countries in almost all the fields. For example if western share market goes up they asian share markets goes up and it falls down we also face a heavy loss. So forget it and enjoy Riding.