Oil Price Hike

Steeper diesel price hike off agenda: Complacent UPA will kill growth

Ideally, the government should have taken advantage of the situation to remedy the deeper malaise that has afflicted the economy. But is the UPA doing this?

Political pressure? Diesel unlikely to be hiked by Rs 5/litre

Instead, the ministry is likely to seek a more politically feasible option one of Rs 3 to Rs 4 per litre price hike.