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EPP would impact GRMs by $2.80/bbl: IOC

In order to bring down the deficit by nearly Rs 15,000 crore, the finance ministry yesterday decided to change the pricing policy for petrol and diesel from "trade parity" to "export parity". The move is likely to reduce the selling price of fuels and impact the profitability of the already ailing PSU oil marketing companies.

first published: May 23, 2013 10:54 am

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