Budget 2012: Budget sees crude price at $115 per barrel: R Gopalan

The union budget for the fiscal year 2012-13 estimates the average crude price at USD 115 a barrel, said R. Gopalan, secretary of economic affairs in the ministry of finance.

March 16, 2012 / 18:30 IST

The union budget for the fiscal year 2012-13 estimates the average crude price at USD 115 a barrel, said R. Gopalan, secretary of economic affairs in the ministry of finance.

Finance Minister Pranab Mukherjee set a modest target for trimming the government's burgeoning fiscal deficit in the budget for the next fiscal year, starting in April, which he presented to parliament on Friday.

first published: Mar 16, 2012 03:56 pm

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