State run oil firms are in for another increase of their petrol prices by as much as Rs. 3 per litre as rupee came down to a 2 year low as against the US dollar, thus leading to an increase in the price of crude oil. The retailers of oil are losing out about Rs. 2.61 per litre or say Rs.15 crore per day 'Together with local taxes, the hike needed to level domestic rates with international prices is about Rs 3 per litre,' says a top government official... Continue Reading>>>
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