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Petrol price rise offers FDI hope to retail chains
The recent decision by state-owned oil marketing companies to increase petrol prices steeply has raised hopes of retail chains, which expects the government will now initiate steps to take the long-pending decision on allowing foreign direct investment (FDI) in multi-brand retail. The oil companies raised petrol prices by Rs 7.50 on Wednesday, a tough but unpopular decision which many see as a strong
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