Fuel prices see a sharp cut again

NEW DELHI, JUN 6 (AGENCIES): | Publish Date: 6/7/2019 12:00:00 AM IST

 State-run oil marketing companies on Thursday (June 6) reduced the retail prices of petrol and diesel across four metro cities. Following the daily revision in retail fuel rates, the price of petrol in all the metro cities slashed by 15-17 paise per litre while diesel became cheaper by 34-37 paise per litre.

Petrol prices were lowered in New Delhi by 16 paise to Rs 71.07 a litre on Thursday as against Rs 71.23 on Wednesday. Diesel in the national capital became cheaper by 34 paise to Rs 65.22 a litre as compared with Rs 65.56 yesterday’s price. In Dimapur, petrol is sold at Rs. 69.03 a litre, down 16 paise compared with yesterday’s price of Rs 69.19 a litre, and diesel is sold at Rs. 62.96, down 33 paise from Rs 63.28 a litre on Wednesday.

In Kohima, the retail prices of petrol and diesel were Rs 69.74 a litre and Rs 63.50 a litre respectively.

Fuel prices were unchanged across all the metro cities on Wednesday.  As per the country’s daily dynamic pricing mechanism, the fuel prices depend on global crude prices on a 15-day average, and the rupee-US dollar exchange rate as India imports 80 per cent of its crude requirements.

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