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This is with reference to `Domestic firms worried as global oil prices test $70 levels' (Business Line April 12). As India's oil import bill increases, the Government must effectively use hedging tools. The retail price of petroleum may be hiked so as to curb wastage by households. But continued increases in fuel prices would lead to the costs of commodities of daily use going up to unbearable levels.

S. Krishnan

Madurai

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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