Oil companies cut petrol price by 21 paise, diesel to cost 11 paise less

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.

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