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Saudi Arabia, the world’s most significant oil exporter, is trying to punish Russia, the world’s second-largest manufacturer.
The state owned oil marketing companies (OMCs) have reduced the rate of sensitive petroleum products like petrol by 24 to 27 paise a litre and diesel by 24 to 26 paise a litre across major cities as the price of worldwide crude oil fell by most in a day given that 1991 Gulf war.
Fuel prices in Delhi reduced by