State-run oil marketing companies have reduced prices of petrol and diesel for fourth day in a row on Sunday. Petrol price in the national capital was reduced by 15 paise per litre and diesel was cut by 12 paise per litre. The price of petrol in Delhi was Rs. 73.89 per litre while diesel was priced at Rs. 67.03 per litre, according to a notification issued by Indian Oil Corporation (IOC).
After the price cut of nearly 14 paise, petrol in Dimapur was retailing at Rs. 71.80 a litre. Diesel became cheaper by 12 paise to Rs. 64.78.
In Kohima as well petrol price was down by 14 paise and retailing at Rs. 72.62 while diesel price was Rs. 65.41, a cut of 11 paise per litre.
Currently, petrol and diesel prices are reviewed on a daily basis by oil marketing companies such as state-run Indian Oil. Any changes are implemented at the fuel pumps with effect from 6 a.m.