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Govt discusses oil price

Updated on May 23, 2008 08:00 pm IST

Murli Deora, India's Oil minister on Friday said that the government is contemplating immediate action to contain losses of public sector oil companies due to surging oil prices in the international markets. Deora also said that he has discussed the issue with the Prime Minister. Earlier, Petroleum Secretary MS Srinivasan said an increase in domestic fuel prices was inevitable.

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