Petrol prices may shoot up

A weak rupee will push up the import costs of crude oil and wipe out the gains India's oil companies posted during the recent softening of global prices.

A weak rupee will push up the import costs of crude oil and wipe out the gains India's oil companies posted during the recent softening of global prices.

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The companies may now be forced to raise petrol prices. Unlike diesel or cooking gas, the government does not regulate petrol prices.

The companies revise prices on the 15th and the last day of every month.