Petrol and Diesel prices slashed again

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New Delhi: Petrol price was cut by 80 paise a litre and diesel by Rs 1.30 per litre on Wednesday. It was the second reduction in rates this month. The reduction will be effective from midnight tonight, Indian Oil Corp (IOC) said.

Since last price change, the trend of international prices of petrol & diesel and INR-USD exchange rate warrant a further downward revision in prices, the impact of which is being passed on to consumers with this price decrease, IOC said.

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