Possibility of diesel price hike unlikely on Thursday - official
NEW DELHI (Reuters) - India's state-run oil marketing companies are very unlikely to raise diesel prices on Thursday, following a government decision giving them the authority to do so, a senior government official with knowledge of the issue told Reuters.
(Reporting by Nidhi Verma, writing by Matthias Williams, editing by Ross Colvin)
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The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May. Full Article