The oil space has been very uncertain for quite sometime now on the back of Sunday's petrol price hike.
Moderation in food prices and manufactured items pulled inflation marginally down to 8.66% in April, but the government said that Saturday's hike in petrol prices will put pressure in the coming months.
Finance Minister Pranab Mukherjee on Monday said the Empowered Group of Ministers (EGoM) headed by him would decide on the price hike of diesel, LPG and kerosene when it meets next week.
Amit Rustagi, Oil and Gas Analyst from Antique Stock Broking, in an interview with CNBC-TV18
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