Possibility of bulk diesel price hike looks bleak: Prayesh Jain
Prayesh Jain, AVP-research at IIFL, shares his views on the health of the oil marketing companies with the decline in the currency putting further pressure on under-recoveries. He says that the government needs to look at a price increase, but a bulk increase of Rs 5/ litre may not be feasible at the current juncture.
