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Petrol prices to come down
Petrol prices to come down. According to the sources, the petrol prices are likely to be reduced by Rs. 2 per litre.
Delhi: According to the sources, the petrol prices are likely to be reduced by Rs. 2 per litre. It is learnt that based on the reduced prices of the crude oil, it is likely that the petrol price will be reduced.
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Petrol currently costs Rs. 72.43 a litre in Delhi, Rs. 81.31 in Mumbai, Rs. 80.20 in Kolkata and Rs. 75.71 a litre in Chennai. On January 3, 2014 the state-owned oil firms had hiked petrol prices by up to Rs. 1 per litre, and diesel by up to 60 paise a litre.
Oil firms had attributed the hike to an increase in global oil prices and depreciating value of the rupee against the US dollar between December 16 to January 2. With the recent reduction in the crude oil price in the international market, now all is set to reduce the price of petrol. An official announcement is likely within a day or two.
