India government is in a fix. It has not raised the retail fuel prices for last several months , but the crude basket price has shot up to 125$ last week. The last price hike was done when crude oil prices were below 100$. The government owned oil companies are cash strapped and as an immediate helping aid, the Central bank has increased the borrowing limits for these companies. That is almost exhausted now, and the government might bite the bullet by going for a small retail price revision, import duty cut and excise duty cut to save these oil companies from collapsing.