News: India Inc hikes petrol prices by Rs 5/ liter ! is it deregulation or up regulation of fuel prices ?

From midnight today, there will be hike in petrol prices across the India according to the latest price hike announced by Oil Companies. It will be a biggest price hike in history The steep hike in petrol price is likely to be followed by a Rs 4 per litre increase in diesel rates and Rs 20-25 per cylinder increase in domestic LPG price later this month.
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