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Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
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Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
1mo ago · 3 min · Economy
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
2mo ago · 1 min · Economy
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