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Fuel Price Hike Imminent

Jul 5, 2010 9:38:23 AM - thecolombotimes.com

A fuel price hike is imminent by both LOIC and CPC due to the losses in the first half of this year. LIOC says a liter of petrol now retailed at Rs.115 has to be increased by at least by Rs.15 and diesel which is sold at Rs.73/- per liter has to be hiked by Rs.10 in order for them to survive.