Another hike in petrol prices?

PUBLISHED ON: May 30, 2011 | Duration: 17 min, 50 sec

  
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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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