With Brent crude dipping below USD 100/bbl, global refined petroleum prices have declined 24% over the last 2 weeks with Petrol and Diesel currently standing at USD 116.8/bbl and USD 134.17/bbl respectively.

At current prices, CPC could procure 40,000MT of Petrol and Diesel each for .c USD 84mn (vs .c USD 108 mn at the point of the previous fuel price revision).

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