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Week that was: Market on a joyride as govt hikes diesel price
Sat, Sep 15, 2012 at 13:50
Diesel price hike: In an effort to rein in the country's heavy fiscal deficit and fend fears of a ratings downgrade, the government has finally hiked diesel prices by Rs 5 per litre while capping the number of subsidized cooking gas cylinders at six a year. However, petrol, kerosene and LPG rates were untouched.