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Saved a configuration value from admin, but it is still showing the old value after page load

I am trying to change the UPS type in Stores > Configuration > Sales > Shipping Methods from Magento admin panel. The current value is United Parcel Service XML

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When I change it to United Parcel Service and click on save

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then after page load it still shows the old value i.e United Parcel Service XML. Value after page load

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I tried clearing cache but still it is showing the old value.

Could anyone help me understand the reason for this.