Oil Companies Losing Rs 1,600 Crore Daily. Will Rs 3 Petrol Hike Be Enough?
India woke Friday to an uncomfortable truth – the United States and Israel’s war on Iran, the blockade of the Strait of Hormuz, and the shock to the global energy trade had finally hit domestic fuel prices. Oil marketing companies, increased retail prices of petrol and diesel by a minimum of Rs 2.83 per litre…