NewDelhi : After 16 days of continuous hike oil marketing companies have cut oil prices just 1 paise. Indian Oil, the country’s largest oil marketing company has reduced petrol & Diesel prices by just 1 paise per litre. After this cut, Petrol Prices in Delhi has been reduced to Rs. 78.42 and in Mumbai to Rs.86.23 per litre. In Bhubaneswar Petrol prices has been reduced to Rs.77.22 per litre.On the other hand Non-Branded Diesel prices in Delhi and Mumbai have been reduced to Rs.69.30 and Rs. 73.78 per litre. In Bhubaneswar Diesel prices has been reduced to Rs.74.29 per litre.