The government increased fuel prices by Rs 3 per litre to support oil marketing companies facing losses due to high global crude oil prices and a weakening rupee. However, further rupee depreciation could negate these gains, with companies incurring significant daily losses. The price hike offers limited relief, covering only a fraction of projected losses.from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/UO6AjNh
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