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Government allows oil firms to revise diesel prices; raises LPG cap to nine

Government allows oil firms to revise diesel prices; raises LPG cap to nine
In a move that could help the government reduce its budget-busting subsidy bill, the government has permitted state-run oil marketing companies to set diesel prices, Oil Minister Veerappa Moily said on Thursday. It has also raised the cap on subsidized cooking gas cylinders (LPG) from six a year to nine.
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