Fule prices are going up like crazy with $135 a barrel and many business are struggling to survive. For a live instance, flight delays are costing billions of dollars in fuel loss.

Another scenario stated that  Indian Oil, Hindustan Petroleum and Bharat Petroleum projected a huge loss of Rs 200,000 crore in revenues on sale of petrol, diesel, domestic LPG and kerosene.

Looking at all the scenario's,  Prime Minister of India may meet on Friday to consider raising petrol and diesel prices among other measures to bailout state run firms that have been reeling under unprecedented high crude prices.