| Govt hikes petrol, diesel prices |
| BS Reporter / New Delhi February 15, 2008 |
| The government has decided to raise prices of petrol by Rs 2 per litre and diesel by Re 1 per litre after deliberating on the move for over six months. |
| The increase in prices, with only six weeks to go before the financial year ends, will reduce the retail losses of the government-owned oil marketing companies by 1.2 per cent from the projected Rs 71,800 crore. |
| The price rise pushed up the stocks of the public sector oil marketing companies |
