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Petrol prices cut by rupees 1.09 a litre

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The price of was reduced by Rs.1.09 per litre, while the price of diesel was hiked by 50 paise per litre on Thursday.

This is the first drop in the prices of petrol since April.

However, the increase in the price of diesel is as per the January 2013 Government directive to increase diesel prices.

The revised prices will take effect from midnight.

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