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STO reduces fuel price for fifth time in 2020

State Trading Organisation (STO) has reduced the price of fuel for the fifth time this year.

STO reduced USD 0.11 from a diesel litre and USD 0.099 from a petrol litre. Following the changes, a litre of diesel and petrol will be available for USD 0.57 and USD 0.56 respectively.

The state-owned company reduced the fuel prices earlier on March 13. STO attributed the reduction in fuel prices to the fluctuations in global fuel prices.