Fuel Price Hike in India to overcome the losses of oil companies

Price hike, a very critical decision for Govt. Finally it had to hike the fuel price as the losses to Oil companies were so high now. Price of oil internationally have been increased a lot but still we are enjoying subsidiary. Govt. has also made cut in excise duty for oil. So now prices are :

Price Hike
Petrol prices up by Rs 5
Diesel up by Rs 3
LPG price up by Rs 50 per cylinder.

Yes it is true fact