Profit

Quantum of petrol price hike surprising; but needed to curb deficit: Hero Motocorp

PUBLISHED ON: May 24, 2012 | Duration: 6 min, 52 sec

  
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Sunil Munjal, Joint MD, Hero Motocorp says that while hiking price was the only option for oil companies - IOC, BPCL, HPCL, the quantum of hike was surprising and added that it will further improve demand for diesel vehicles. "Deficit would have worsened if prices were not hiked," he said.
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