India's leading oil marketing companies (OMC) has hiked the petrol prices by Rs.2.54 from Saturday midnight. This is a second price in the month of January 2011. This price hike will worry the markets participants in short term as price hike will create inflation pressure. How Will Petrol Prices Affect the Stock Market: Whenever price hike is imposed on petrol, we have seen profit booking in the ... [Continue Reading]
Petrol Price Hike by Rs.2.96 per Litre, From Tuesday Midnight
All the major oil marketing companies in India were forced to hike the prices of petrol by Rs.2.96 per liter w.e.f Tuesday midnight (15 Dec 2010), as we saw a surge in the crude oil price in last week. This will definitely create a pressure on the economy, as we may again see inflation surging ahead. ... [Continue Reading]