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DOMESTIC CHEMICAL PRICES SURGE ON GLOBAL CRUDE OIL VOLATILITY (crude oil prices by 25-30% during last six months from $33.1 per barrel in Jan 2004).

Asia Africa Intelligence Wire

| July 28, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The chemical and petrochemical prices in India have escalated by around 10-30 percent since Jun 2004, following a hike in international crude oil prices to the current level of $41-42 per barrel. Crude oil prices have gone up by 25-30 percent during the last six months from $33.1 …

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