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(From The Economic Times)
Byline: Ashish Gupta
The global oil prices have been on fire. What would be the impact of increase in petrol prices on the interest rates of housing loans? There is a correlation. The global oil prices have been on the rise for quite some time now. The Indian oil companies have been struggling to get an increase in the petrol prices. Still, being a controlled product, the Government has been deferring the oil price increase for various political compulsions. However, the issue seems to have hit the wall. The government did not have an option. The question no longer remained whether to increase or not - but when to increase and by …