Reuters: Money News: IOC cuts petrol prices by 4.5 percent

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IOC cuts petrol prices by 4.5 percent May 1st 2013, 02:33 REUTERS - Indian Oil Corp (IOC) , the country's biggest refiner, will cut petrol prices by 4.5 percent from Wednesday as global prices of the fuel have declined and as the rupee appreciated against the dollar, it said in a statement on Tuesday.

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