New Euro IV standards to increase fuel prices in India

As of April 1, 2010, 13 cities in India will switch to the cleaner Euro IV fuel standards. The 13 cities are Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bangalore, Lucknow, Camper, Agra, Surat, Ahmedabad, Pune, and Sholapur, although the shift will result in price hikes of 0.50 rupees (US$0.01) per liter of gasoline and 0.26 rupees (US$0.01) per liter of diesel fuel. The rest of India will shift from Euro II to Euro III fuel standards over the next five or six months beginning with the city of Goa. (April 2, 2010)