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Old 16th April 2012 | 20:15
  #7 (permalink)  
aditya104
 
Joined: Apr 2007
Posts: 253
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From: OMAA
From Moneycontrol
The three fuel retailers - IOC, Hindustan Petroleum and Bharat Petroleum - revise jet fuel prices on the 1st and 16th of every month, based on the average international price in the preceding fortnight.
From Business Standard
Oil fell a second day after the first international talks in 15 months on Iran’s nuclear programme yielded an agreement to reconvene in May.
This will ease the Brent and India will be the biggest beneficiary. India has already passed China as the biggest Iranian oil importer.

Meanwhile someone is trying to reduce their dependency on 'Natural Resources'. Cooking oil powers Qantas aircraft Video. I guess we would be more than happy to contribute to this research as guinea pigs by using biofuels for 'recency' flying requirements.
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