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Economy

As elections approach, oil marketing companies face the heat

Updated : April 13, 2018 06:03 PM IST

In an election year, the government might not want consumers to bear the brunt of rising fuel prices.
Reducing excise duties on fuel is not an option because the government does not want to tinker with its fiscal deficit target.
That means oil marketing companies might have to absorb an increase in fuel prices, roiling their margins.
As elections approach, oil marketing companies face the heat
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