Fuel Price Hike soon ?
Meanwhile, soon after the declaration results of five states' elections, the Centre is likely to give a nod for an increase in petrol, diesel, and LPG prices.
Common people will get the heat of the Russia-Ukraine full-scale war. Due to the ongoing war, the fuel price per barrel has reached 140 dollars in the International market.
As a result, price of fuel in India is likely to be hiked by Rs. 15 per liter. Oil companies have stated that it is inevitable for them to hike fuel prices following the Russian invasion of Ukraine.
Meanwhile, soon after the declaration results of five states' elections, the Centre is likely to give a nod for an increase in petrol, diesel, and LPG prices.
NDTV report stated that oil companies are not expected to pass on the entire loss in one go and they will moderate it - raising rates by less than 50 paise per litre every day.
