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India crude basket surges as rupee falls
The prices are likely to go up further, as international prices have firmed up following escalating tensions in the Middle East and a drop in the value of the rupee.
Meanwhile, oil marketing companies are currently incurring daily under-recovery of Rs 412 crore on the sale of Diesel, PDS Kerosene and Domestic LPG.
The under recoveries are likely to push the government's fiscal deficit higher.
GoodReturns.in
Story first published: Saturday, November 17, 2012, 11:54 [IST]
