Indian government is all prepared to hike fuel prices to compensate with the rise in crude price in international market.Crude prices are continously rising since 7 months and oil companies are bearing deficit for that.Petroleum minister Mr deora said that we do not have any alternative to compensate the price hike in crude ,but to increase the fuel prices.
Crude oil prices are rising at USD 71-72 a barrel, a seven-month high.Let's see if government is able to take out some solution without rising the fuel prices.
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