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India, Malaysia raise gas prices for residents
Summary from United States, from articles in English
With global oil prices soaring, authorities in the two countries said a day earlier they were slashing fuel subsidies that were draining government coffers. (article 3) Oil prices have doubled over the last year, spiking as high as $135.09 a barrel on the New York Mercantile Exchange on May 22 before falling back some. (article 2) SINGAPORE (Reuters) - Oil rose above $128 on Friday, extending gains after its biggest ever one-day rise in the previous session, as the U.S. dollar weakened on signals the European Central Bank may raise interest rates this year. (article 5) Also, a weaker greenback makes oil less expensive to investors dealing in other currencies, and analysts believe the dollar's protracted decline has been a major reason why oil prices have nearly doubled in the past year. (article 4) WITH AMERICANS steaming over $4-a-gallon gasoline and ExxonMobil reporting first-quarter earnings of nearly $10.9 billion, the temptation to grandstand about "obscene" profits and "greedy" oil companies is one too many politicians cannot resist. (article 8) With a nationwide average gas price of just about $4 a gallon, lots of people are thinking there must be something the government can do to help. (article 6)

Other summaries about this story:
  • Summary from multiple countries, from articles in English (14 articles) [compare]
  • Summary from the United Kingdom, from articles in English (4 articles) [compare]
  • Summary from Canada, from articles in English (1 articles) [compare]

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    oil, Prices, Gas, India, Gasoline

    Source articles
    1. India and Malaysia Risk Voters’ Wrath by Raising Fuel Prices (nytimes.com, 06/05/2008, 685 words)
    2. India, Malaysia raise gas prices for residents (money.cnn.com, 06/05/2008, 886 words)
    3. Fuel protests erupt in India, Malaysia (Washington Post, 06/05/2008, 317 words)
    4. Oil prices hold above $128 a barrel (sfgate.com, 06/05/2008, 553 words)
    5. Oil rises above $128 after record surge on weak dollar (boston.com, 06/05/2008, 397 words)
    6. Six fixes for high gas prices (money.cnn.com, 06/04/2008, 1094 words)
    7. Protests, strikes staged as gas soars; a gallon now $11 in Turkey (sfgate.com, 06/05/2008, 806 words)
    8. No profits, no oil (boston.com, 06/04/2008, 746 words)
    9. MONTANA GOVERNOR IS SITTING ON AN OIL MINE (NY Post, 06/06/2008, 604 words)




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