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Why petrol prices have not fallen as much as global crude oil prices

Updated : November 29, 2018 01:21 PM IST

Since October 18, petrol prices have declined by more than Rs 9.49 per litre and diesel by Rs 8.02 in a little over a month in Mumbai on softer international rates.
Global crude oil prices have fallen 32 percent from the peak of $86.70 a barrel on October 3.
Why petrol prices have not fallen as much as global crude oil prices
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