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Deora says fuel price cut after crude stabilises

Murli Deora, oil & petroleum minister, has said that the government will consider a cut in fuel prices if crude oil prices stabilize at levels where losses of oil companies are lower, reports media sources.``Prime Minister has said we cannot reduce prices now because the oil companies are losing heavily``, Deora said. On his way back from his maiden three-day visit to the Gulf, Prime Minister Manmohan Singh had yesterday said that the government will wait till public sector oil companies   read more »

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