This is the first price cut arising from a drop in international oil prices. The rates were reduced by a minimum Rs 2.50 per litre across the country on October 5, when the government cut excise duty on petrol and diesel by Rs 1.50 a litre and asked oil PSUs to subsidise the fuels by another Re 1 a litre.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2yn3IMh
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