UPA does it
GLOBAL OIL SHOCK HITS HOME: Petrol up Rs 5, diesel Rs 3, LPG 50; unpopular but we had no choice, says PM, calls for official austerity Aware that it would very well be the last price hike that his government could afford before the election frenzy sets in, Prime Minister Manmohan Singh today came out of the clutches of Left allies, approving the maximum proposed increase in consumer prices to provide much-delayed succour to state-run oil marketing companies which have been losing money as global prices of crude oil head north.
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