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Oil price-hike may have push inflation higher: JSW Steel


Higher fuel prices, means higher transportation costs and maybe even higher interest rates. How’s corporate India reacting to that? Seshagiri Rao, Joint MD and Group CEO of JSW Steel said in an interview to CNBC-TV18 that oil price-hike will have a cascading impact pushing the inflation further.

Here is the verbatim transcript of his comments on CNBC-TV18. Also watch the accompanying video.

Q: Great reformist move so to speak but it will add to your input cost which already rising, how do you react to this price of course the hike is currently or the market linkage is currently only on petrol and diesel will take some time before it becomes market linked?

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