Petrol and Diesel Prices after Hike in Indian Cities

The price hike was immediately in effect, after petrol & diesel rate was hiked when Murli Deora announced the rates.

There would more than 50% of taxes are from Petrol and more than 20% are from Diesel.

For Industrial gases has been unlimited of taxes has been implemented. People India, carefully seen the rates of International oil price 134$ to 124$ last week, expected some discounts.

But for oppositely, anonymous figures has been raised as below the rates are implemented

Mumbai Kolkata Chennai Delhi Bangalore Jaipur Ahmedabad Lucknow Trivandrum Patna Bhubaneswar Chandigarh Bhopal Dehradun Hyderabad Surat Noida Gurgaon

Rs. 55.51 Rs. 53.95 Rs. 54.61 Rs. 50.52 Rs. 57.86 Rs. 53.62 Rs. 54.93 Rs. 57.50 Rs. 53.32 Rs. 56.35 Rs. 51.62 Rs. 51.19 Rs. 55.62 Rs. 51.65 Rs. 57.65 Rs. 55.65 Rs. 53.49 Rs. 50.96

Rs. 39.08 Rs. 26.92 Rs. 37.40 Rs. 34.76 Rs. 39.44 Rs. 37.17 Rs. 40.80 Rs. 37.50 Rs. 37.95 Rs. 37.96 Rs. 37.66 Rs. 34.69 Rs. 39.43 Rs. 36.78 Rs. 38.30 Rs. 40.25 Rs. 38.69 Rs. 34.75

New Delhi, Gurgaon with lower of Rs. 50 per litre of petrol, Kolkata hits lower of Rs. 26 per litre of Diesel.

Where else, Bangalore and Hyderabad hits above Rs. 57.86 and 57.65 each per litre of petrol would be highest in India. Ahmedabad & Surat costs 40.80 & 40.25 per litre of Diesel highest paying in India.

Idea Cellular to buy out Spice Commn : Reports

India's Idea's Cellular is close to buying a majority stake in Spice Communications, few newspapers reported on Saturday, citing sources.

The promoters of Spice, in which Telekom Malaysia (TM) holds a 39.2 percent stake, are in final stages of selling their 40.8 percent stake to Idea, they said.

The move is the latest chapter of takeover talks in the telecom industry following France Telecom's $41 billion bid for Nordic group TeliaSonera and India's Reliance Communications talks with South Africa's MTN.

Spice Communications is open to selling a stake and is waiting for a proposal from TM before it takes a decision, its chairman said on Tuesday.

Spice has operations in two out of a total 23 telecom circles and has a customer base of more than 3 million while Idea is present in 11 circles and has a customer base of over 26 million.

India, the world's fastest-growing mobile services market and the second-largest market after China, has lured foreign firms like Vodafone Plc which bought a controlling stake in the third-largest local cellular firm in 2007.

India has 269.30 million wireless users at end-April, up 57 percent from a year earlier, according to the telecoms regulator.

Shares in Idea closed down 2 percent at 104.95 rupees while shares in Spice closed down 3 percent at 51.95 rupees on the weak BSE sensex.