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India petrol, diesel price hike triggers inflation fears, 2.5-3% freight rise

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India petrol, diesel price hike triggers inflation fears, 2.5-3% freight rise

Transporters will pass on the burden to customers; economists and analysts also see a long-term impact of the increase on the price of basic commodities and products The hike in petrol and diesel prices in India on Friday by up to Rs3 a litre is likely to have a long-lasting impact on inflation in the country, according to economists and…

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