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Petrol prices fuel concern

Last week was highly volatile for the markets. Markets swung between green and red ufffdthe major reason being the drastic fall of the Rupee against the dollar. Investors feel totally lost as they are finding it hard to figure out the market trend.

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Uncertainty looming in Europe, especially over Greece, which is going to see a new round of election next month, caused panic among the fellow Euro nations and the rest of the world. The petrol price was hiked by Rs 6.8 excluding state VAT that came as a shocker, but there was no correction in the markets. There was also news that price of LPG, diesel and kerosene will also be increases. But, according to sources, there might be a partial roll back of petrol price hike and the decision to hike other fuel prices would be put on hold, atleast for the time being.


ISSUE: Activists u00a0shout slogans during a protest against the recent petrol price hike in Kolkata. PIC/AFP

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