National

Fuel prices cut for 2nd straight day

NEW DELHI, DEC 22 (AGENCIES) | Publish Date: 12/22/2018 11:55:59 AM IST

Petrol and diesel prices were slashed for the second straight day on Saturday as international crude prices made fresh lows and the Indian rupee appreciated against the US dollar. 

After Saturday’s price revision, petrol became cheaper by 19-20 paise across major cities of the country while diesel prices came down by up to 22 paise per litre.

In the national capital Delhi, petrol is sold at Rs 70.27 as compared to Rs 70.46 on Friday and diesel is priced at Rs 64.19 as against Rs 64.39, according to data available on Indian Oil Corporation website. 

Meanwhile, petrol is retailing at Rs. 68.03 per litre and diesel was priced at Rs. 61.76 per litre on Saturday while in Kohima a litre of petrol and diesel was sold at Rs. 68.84 and Rs. 62.38 respectively. International crude oil prices fell again on Friday. Brent crude futures closed 0.98 per cent lower at $53.82 a barrel yesterday, its lowest level since the third quarter of 2017.

Meanwhile, the rupee has also appreciated over 2 per cent against the US dollar this week. The recent fall in crude oil price and the appreciation of rupee bode well for retail fuel prices in India. 

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

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