Govt may raise fuel prices again, says Moodys
India may go for another round of hike in energy prices as global crude prices continue the upward swing, says credit rating agency Moody's. "As global prices continue to soar, the government will likely announce further increases in energy prices and cuts in subsidies,' said a report by Moody's Economy.com, an associate of Moody's. After much dilly-dallying, the government had earlier this month hiked price of petrol by Rs 5 a litre, Rs 3 for diesel and Rs 50 for a gas cylinder to help oil marketing firms partly meet their under-recoveries because of surging global crude prices.