NATIONAL Pass on global oil price hike to customers: Montek The Planning Commission today (May 4, 2006) said the surge in global oil prices should be passed on to customers, but favoured having some provisions to safeguardthe interests of vulnerable sections of the society.
Petrol Ministry to discuss on fuel price hike soon Petroleum Ministry will next week begin consultations on a possible hike in petrol and diesel prices to offset the Rs 75,000 crore revenue losses projected for oil companies in the wake of soaring international prices.
Sensex zooms to all-time high of 12,483 points As the index-heaviest Reliance Industries shares zoomed to all-time high level at Rs 1122, the benchmark set a new peak of 12,482.91 points by gaining 172.19 points at noon.
Rupee weakens against US dollars in early trade The rupee today (May 4, 2006) weakened against the US currency on renewed dollar demand from oil corporates and importers amid a lingering weak dollar overseas, in moderately active early trade at the Interbank Foreign Exchange (forex) market.
Sensex at new high of 12,379.06 on funds buying Continuing with its upward march, the Bombay Stock Exchange's Sensitive Index rose by over 68 points to hit new high of 12,379.06 in fist five minutes of trading today (May 4, 2006)on increased buying by foreign and domestic funds.
Govt to consult allies on oil price hike: Chidambaram Finance Minister P Chidambaram yesterday (May 3, 2006) said the Government would take a call on hiking domestic oil prices after consulting the UPA allies, as Reserve Bank asked for a quick decision with global crude prices now at an unsustainable level of over 70 dollars a barrel.
INTERNATIONAL Oil prices continues to lower in Asia after data Oil prices fell in Asian trade today (May 4, 2006) after an unexpected increase in US stockpiles sparked a round of profit-taking even as concerns over Iran's nuclear programme remained in place, dealers said.
