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Govt mulling Rs 5/litre petrol price hike

PUBLISHED ON: May 4, 2011 | Duration: 2 min, 24 sec

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The government is planning to hike petrol prices by up to Rs 5 a litre soon after the Assembly elections in five states are over next week. The government may also announce a steep hike of Rs 3-4 a litre in diesel rates. Sources say that oil ministry is also likely to propose a price hike on cooking gas – LPG.
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