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RE:Please Think before you write
by Beachy Babes on Jul 07, 2008 08:31 PM
You are 100% right. Mainly the oil prices are rising globally.
Excerpts from an old article: "India's oil import bill has swelled 52 per cent to $44.64 billion in 2005-06 on the back of high global oil prices."
This is also a valid reason why India should think to diversify energy production, without being too much dependent on oil.
Because year after year oil price will go higher and higher and it will effect price rise in India.
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