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According to Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services, significant selling pressure was observed in the oil and gas stocks index on Friday, resulting in a 2% decline. This decline followed the reduction of petrol and diesel prices by Rs 2 per liter by Oil Marketing Companies (OMCs). Currently, there are no signs of any excise duty relief from the Central government.

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