State-run oil marketing companies slashed the retail prices of petrol and diesel for the fourth consecutive day on Sunday (June 2) across four metro cities. Following the daily revision in retail fuel rates, the price of petrol in all the metro cities decreased by 2-12 paise per litre while diesel became cheaper by 19-21 paise.
Petrol prices were decreased in New Delhi by 12 paise to Rs 71.50 a litre on Sunday as against Rs 71.62 a litre on Saturday. Diesel in the national capital became cheaper by 20 paise to Rs 66.16 as compared with Rs 66.36 yesterday’s price.
In Nagaland’s commercial hub- Dimapur, the retail prices of petrol and diesel are Rs. 69.36 a litre and Rs. 63.83 a litre respectively. In Kohima, petrol a litre cost Rs. 70.16 and diesel Rs. 64.44 per litre.
Worth mentioning here is that the retail fuel prices in the national capital Delhi, are the cheapest among all metros and most state capitals owing to lower taxes.
The fuel price is dependent on the global crude oil prices, rupee to US dollar exchange rate, global cues, fuel demand, etc.