Microsoft on Friday announced price a reduction for Windows Azure Storage by as much as 28%, effective on December 12th.

This follows the company's March 8th 2012 reduction of 12%.

Microsoft has also added more value to our storage offerings in a number of ways. Its Geo Redundant Storage continues to lead the market in durability with more than 400 miles of separation between replicas. Microsoft also recently deployed a flat network for Windows Azure across all of its datacenters to provide very high bandwidth network connectivity for storage clients which enhances scenarios like MapReduce, HPC, and others.

Here is the information on the reduced pricing for both Geo and Locally redundant storage (prices below are per GB per month):