State-run oil marketing companies on Sunday lowered the retail prices of petrol while diesel prices remained stagnant in most of the major cities across the country.
In Delhi, petrol prices dropped to Rs 73.14 a litre as against Rs 73.24 per litre on Sunday while diesel was retailing at Rs 66.18 a litre.
According to data available, in Dimapur, petrol was slashed by 15 paise from Rs. 71.17 to Rs. 71.02 a litre on Sunday. However, in Kohima, petrol was up by 21 paise from Rs. 71.67 to Rs. 71.88. Rates vary from state to state depending upon the incidence of local sales tax or VAT.
On the other hand, diesel price in Dimapur was priced as Rs. 63.92 a litre as compared to Saturday’s rate Rs. 63.97. In Kohima, diesel price was up by 16 paise from Rs. 64.42 to Rs. 64.58 alitre. The retail fuel price in India is dependent on the global crude prices and the rupee-US dollar exchange rate as the country imports around 80 per cent of its crude requirements.