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RE:An Excellent article
by MS on May 27, 2008 07:59 PM

Fuel is still cheaper in India than in Europe. It costs 93 rupees a litre in Germany. We should reduce our addiction to foreign oil by raising fuel prices.

Lesser Oil consumption means lesser forex outflow. Lesser Forex outflow means stronger rupee. Stronger Rupee means lesser inflation.

As simple as that.

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