Fuel prices to increase as rupee falls to record low, oil import bill to go up $26...

Rupee depreciation will result in higher earnings for exporters as well as domestic oil producers like ONGC who bill refiners in US dollar terms, but this would result in rise in petrol and diesel prices, with full impact likely to be visible later this month.

from Hindustan Times - topnews https://ift.tt/2KZO78O