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Diesel prices to go up by 40-50 p monthly: Moily
February 01, 2013
Oil minister Veerappa Moily has said that diesel prices will be raised by 40-50 paise every month till further orders, reports NDTV.
The government had on January 17 permitted state-run oil marketing
companies to set diesel prices in a move that could help the government
reduce its budget-busting subsidy bill. A day later, the price of the
fuel was hiked by 45 paise.
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