Petrol price hike on cards

Updated: January 02, 2012 14:01 IST

Oil companies are set to meet today to demand a hike in petrol prices. They are asking for a hike of about 2 rupees 28 paise per litre. The government may settle for an interim hike of 1 rupee per litre. The hike can be announced later this week itself but a final decision has not yet been taken.

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