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

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  • Published On: May 24, 2012
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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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