New Delhi: State-run Indian Oil Corp (IOC) has cut the price of transport fuel effective on Friday by under a rupee each, of petrol by 89 paise a litre and of diesel by 49 paise, both at Delhi with corresponding decrease in other states.

Making its previous fortnightly revision in fuel prices on June 16, IOC had hiked prices of petrol marginally by 5 paise a litre, and of diesel by Rs 1.26, both at Delhi, with corresponding increase in other states. Petrol per litre from Friday costs Rs 64.76 in Delhi, Rs 67.79 in Kolkata, Rs 69.32 in Mumbai and Rs 64.24 in Chennai.