Brace yourself for a sharp rise in the cost of petrol and diesel as there is a fuel price hike on the anvil after polling ends given the rising price of crude globally.
India's crude basket cost has gone up almost $5 since February, when the last hike was -:
In fact petrol prices are down 77 paise through March to pass on the benefit of the low prices seen in February. Analysts now expect to see a Rs 2/lt hike to accommodate the hit to oil marketing companies.