Petrol and diesel prices raised marginally

Crude oil hits $135/barrel because of that Petrol and diesel prices have been raised marginally by 3-5 paise per litre after the government decided to hike the commission paid to dealers for the sale of fuel.Dealers' commission effective midnight will be Rs 28 per kilolitre for petrol and Rs 31 per kilolitre for diesel, an Indian Oil Corporation official said.
The effect of the increase in the commission will be rise in prices of petrol and diesel, effective midnight(May23)

1 comments: Team said...

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Now once again as on 02-June-08 around 11.15AM,market is trying to become bit bullish but still we cant rule out profit booking from every rise. Still we suggest everyone to remember this is Indian stock market
so watch your every step. Avoid going Long until Nifty crosses 5050 mark and avoid going short until nifty breaks 4820. Till then enjoy the consolidation phase and prefer to do intraday trading only.