Maldives Country Update - 2011-11-16

• Country news
• Nov 16, 2011
• by Al Bawaba Ltd.

Prime Minister Manmohan Singh has said that any fresh subsidies for oil marketing companies to bring down fuel prices would only increase the government s budgetary burden, which eventually could aggravate the inflationary pressures even further. If the [fuel] prices go up, we have to either raise domestic prices or absorb the increased cost in asking the oil marketing companies to subsidis...

• Countries : Maldives