Tuesday, September 3, 2013

India, slammed by oil price, car dependency, seeking desperate measures

India oil minister slammed for plan to shut gas stations at night | Reuters: "Moily first floated the idea on Saturday, saying he was working on the details as part of a plan to save $25 billion from the oil import bill and strengthen the rupee.

"We are going through difficult times. We need to discipline ourselves. People will have to tighten their belt and some austerity measures have to be taken without affecting economic activity," he said in comments to the Indian Express newspaper.

In letters sent to the prime minister and the finance ministry, Moily proposed a series of measures, such as a $2.6 million public relations campaign, including "street theatre", to promote lower fuel usage."

'via Blog this'

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