In the international conference on Monday oil minister Murli Deora revealed that prime minister Manmohan Singh may convene his meeting with the finance minister P Chidambram for discussing a long term pricing and taxation regime for the petroleum products.
Crude oil prices neared $68 per barrel Thursday as Hurricane Rita closed in on Texas, raising fears it could cripple major production facilities largely untouched by Hurricane Katrina three weeks ago and drive up at-home energy costs this winter.
The high oil price was "destroying" the profitability of the global airline industry, which was facing losses this year of $ 6 billion, its fifth successive year of net losses, Giovanni Bisignani, director general of the International Air Transport Association (IATA) said Monday.
Disclaimer: The views and investment tips expressed by investment experts on themoneytimes.com are their own, and not that of the website or its management. TheMoneyTimes advises users to check with certified experts before taking any investment decision.