National

Petrol, diesel prices slashed

NEW DELHI/DIMAPUR, JUL 9 (AGENCIES/NPN) | Publish Date: 7/9/2019 11:42:00 AM IST

State-run oil marketing companies lowered the retail prices of petrol and diesel on Tuesday (July 9) across four metro cities. After the daily revision in retail fuel rates, the price of petrol in all metro cities slashed by 3-6 paise per litre while diesel became cheaper by 6-11 paise.

Petrol prices were cut in New Delhi by 6 paise to Rs 72.90 a litre on Tuesday and diesel became cheaper by 10 paise to Rs 66.49.

Meanwhile, in Nagaland’s commercial hub Dimapur, the price of petrol was Rs.70.85 per litre and in the state capital Kohima it was Rs. 71.34 per litre. Diesel prices in Dimapur and Kohima was Rs. 64.27 and Rs. 64.71 per litre respectively. 

It is worth mentioning here the pump price of petrol and diesel in the national capital Delhi are the cheapest among all metros and most state capitals owing to lower taxes.

As per the country’s daily dynamic pricing mechanism, the fuel price is dependent on the global prices of benchmark fuel and the rupee-US dollar exchange rate as India imports 80 per cent of its crude requirements.

 

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