Nervous over rising crude, government scraps monthly LPG price hike

Times of IndiaNervous over rising crude, government scraps monthly LPG price hikeTimes of IndiaLow oil prices had saved India billions of dollars in oil import bill. While the government does not directly buy crude, lower outgo helps keep CAD (current account deficit) in the safe zone. This, in turn, keeps the rupee strong and inflation as well ...and more »

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