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May 1, 2013

Petrol price slashed by Rs.3

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petrol price
The petrol price has been slashed by around Rs.3 across India on Tuesday by the state-run retailers. This is the highest cut in the petrol price since 2008. Due to the fall in the crude price in the international markets, the price of petrol in India was down.

Since the deregulation of the petrol and diesel in India, the prices are being fluctuated with the international crude prices. The cut the petrol price would give some relief to the consumers, since they had paid high petrol price last year because there was steep rise in the petrol price.

The strengthening rupees in the currency market have helped to bring down the petrol price in India. The price of petrol in Bhubaneswar is at around Rs62.40 per litre after the fall in the petrol price.


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