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Oil firms` losses to hit a new high in June

Under-recoveries by state-owned oil marketing companies are set to hit a new record in June with the under-realisation on the sale of diesel, the largest selling fuel and also the most politically sensitive, almost matching the subsidised selling price. At Rs 31.58 per litre, the under-realisation on diesel is a few paise short of the actual subsidised selling price of diesel in Delhi

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