04
Mar
With crude oil prices hovering at USD 114 a barrel, the Oil Marketing companies are all set to drop a ‘Petrol Bomb’ on consumers after March 10—the day when results of all assembly elections would be declared. If sources in the industry are to be believed, the minimum price of petrol and diesel may go up by Rs 5 a litre. It might go up as high as Rs 10 a litre if the tension between Russia-Ukraine does not ease by then. “There is another possibility that government might reduce the excise duty on petroleum products. However, either way minimum…