In Delhi, petrol now costs Rs 75.80 a litre, Rs 81.39 a litre in Mumbai, Rs 78.38 a litre in Kolkata and Rs 78.76 a litre in Chennai after the decrease in price.
Similarly, diesel costs Rs 69.06 a litre in Delhi, Rs 72.42 a litre in Mumbai, Rs 71.43 per litre in Kolkata and Rs 72.99 a litre in Chennai, according to Indian Oil Corporation website.
The retail prices of fuel are dependent on the global crude prices and the rupee-US dollar exchange rate as India imports 80 per cent of its crude requirements.
Domestic petrol and diesel prices are reviewed by oil marketing companies on a daily basis. Price revisions are implemented at the fuel stations with effect from 6 a.m.