State-owned oil marketing companies (OMCs) reduced the price of diesel, the third such downward revision in last five days.
According to IOCL website, diesel prices in the national capital decreased by 11 paisa per litre bringing down price to Rs 73.16 per litre. While diesel prices have fallen, the OMCs have kept petrol prices steady.
After today’s rate revision, diesel price in Dimapur fell to Rs.79.03 per lire while in the state capital Kohima the diesel price was lowered to Rs.79.74 per litre.
Meanwhile, prices of petrol in Dimapur and Kohima were left unchanged at Rs.87.37 and Rs 88.27 respectively.
According to reports, the price of fuel may remain steady or fall in coming days as global crude prices have shown some indication of softening over the expectation of a prolonged demand squeeze over Covid disruptions.
Currently, oil marketing companies review domestic petrol and diesel prices on a daily basis, and implement any changes with effect from 6 am every day.