Indian Government Raises Gas Prices

The country joins other Asian nations like Indonesia and Malaysia in hiking the price of regulated domestic fuel in the wake of record global crude prices

Amid growing consumer concern, the Cabinet on Wednesday raised prices of petrol by Rs 5 and diesel by Rs 3 to bail out state-run oil firms that have been reeling under unprecedented high crude prices. Prices of domestic cooking gas was hiked by Rs 50 a cylinder effective midnight tonight.

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