|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Oil, Mining & Energy (Click here for more)

India Paralyzed by Nationwide Strikes, Protests over Rising Price of Fuel

NEW DELHI – India was gripped with nationwide strikes and protests against rising fuel prices on Monday, as critics blamed the country’s government for the hike.

The Indian government, however, has said that the increasing costs of gas and petrol are due to the fall in global crude oil production.

“Diesel, petrol price rise is out of our hands because oil producing countries have limited production,” Law Minister Ravi Shankar Prasad said at a press conference in New Delhi on Monday.

In New Delhi, the prices of petrol and diesel since Sunday have increased by 0.23 rupees and 0.22 rupees per liter, respectively, to 80.73 rupees ($1.12) and 72.83 ($1.01).

In northern states such as Bihar, which witnessed widespread protests, prices touched 90 rupees per liter of petrol, 14% more than a year ago.

During a protest in the Indian capital, former Indian Prime Minister Manmohan Singh, member of the opposition Congress party and former governor of the country’s central bank, blamed the government for the escalating gas prices and called for a change in leadership.

The prices of fuel in India – a country with a decentralized, federal structure – are determined by the behavior of international market and producers, as well as by the value of the local currency.

The rupee has continued to fall in recent months, and was valued at 72.44 to the US dollar early Monday.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2018 © All rights reserved