New Delhi, May 15 (IANS) The marginal Rs 3 per litre hike in petrol and diesel prices announced by the government is a mere drop in the bucket compared to the huge losses that the public sector oil companies are absorbing due to soaring global prices of crude oil, which have crossed $100 a barrel, a senior official said on Friday.The small increase reflects the Centre’s broader strategy of protecting consumers from the full impact of the global oil shock, the official said.Sources said petrol un…
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