State-run oil refiners have agreed to a partial rollback of last month's petrol price increase, an oil company source said on Saturday, responding to a public outcry over the steepest rise in the country's history. With effect from Sunday, retail petrol prices will be cut by 2 rupees a litre, the source said. Last month, state oil retailers - Indian Oil Corp (IOC.NS), Bharat Petroleum Corp (BPCL.NS), and Hindustan Petroleum Corp (BPCL.NS) - raised petrol prices by 6.28 rupees a litre, excluding taxes.
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