Acting on a tip off the police also seized from them the motorcycle used in the crime, inspector in-charge of Kabisurya Nagara police station D R Patnaik said.
The three are students of a private college near Khallikote and they had looted the cash at gun point from the petrol pump manager when he was on way to his house at Sindurapada, police said.
"Three to four other persons are also suspected to be involved in the incident. We have identified them and will arrest them soon," Patnaik added.
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