Brace yourself for big hikes in petrol, diesel and gas once polling comes to an end. From March 7 onwards expect a daily hike in fuel prices as crude continues its unrelenting upward march.
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Petrol, diesel prices may go up by at least Rs 9/lt as per calculations done by brokerage JPMorgan. Fuel prices have remained unchanged since November in the country meanwhile crude prices have gone up by over $20 in the same period.
Fuel prices across the globe are already surging, cost of a litre of petrol at UK is now at record high, prices in the US have almost doubled in just a year with majority of the increase coming in the last 2 weeks.