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Auto industry fumes over petrol price hike

Last Updated: Wednesday, May 23, 2012, 20:12

The automobile industry has hit out at the petrol price hike saying the increase will hurt the sector which is already reeling under a slump.

Petrol price hiked by massive Rs 7.54 per litre

Last Updated: Wednesday, May 23, 2012, 18:18

The decision of the oil marketing companies effective midnight Wednesday is the steepest hike in petrol price ever, the previous increase being Rs 5 per litre.