State-owned oil marketing companies (OMCs) have reduced the prices of sensitive petroleum products such as petrol and diesel by 30 paise and 25 paise a litre respectively across major cities as the price of international crude oil fell.
The sixth consecutive cut in petrol and diesel prices comes after the OMCs reduced the price of petrol and diesel prices by quarter of a rupee on Monday and are likely to maintain the declining trend this week.
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