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45 paise/L diesel hike to cut BPCL, ONGC losses

The government had said last month it would allow fuel retailers to raise the price of subsidised diesel by 0.40 rupees-0.50 rupees a litre every month and asked bulk buyers to pay market rates. Major oil marketing companies have taken the decision to hike fuel prices, which should be encouraging for the market.

first published: Feb 18, 2013 10:28 am

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