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High global prices and anomalous tax structure will soon result
in...
°Diesel price hike of up to Rs 4 per litre.
°Rise in LPG prices
by at least Rs 25 a cylinder.
°Marginal
upward revision in kerosene prices.
°No
change in the price of petrol since it is already overpriced.
°Minor
reduction or adjustment in excise or customs duty on petroleum
products.
°Issuance
of bonds to oil companies in lieu of their dues from the oil
pool account.
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If
the markets don’t recover in the next 48 hours expect the worst, says
V Shankar Aiyar in 
