Another hike in petrol prices?

  • 17:50
  • Published On: May 30, 2011
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IOC, India's biggest fuel provider, wants about a Re 1 and 30 paisa hike, barely weeks after a steep Rs 5 one. It says it's still losing hundreds of crores a day. Theoretically oil companies are free to hike prices but realistically wait for the government's nod, like last time they waited until the elections were over.

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