Fuel prices continue to drop in major cities on Sunday

Fuel prices continued to drop on Sunday as well. While petrol price remained unchanged in major cities, diesel became cheaper by 10 paise. After Sunday’s price revision, petrol in Delhi is retailing at Rs 68.29 while diesel is sold at Rs 62.16 per litre, 10 paise cheaper compared to Rs 62.16 on Saturday.

In Mumbai, petrol price remained unchanged at Rs 73.95 while diesel price dropped 10 paise and is now retailing at Rs 65.05 per litre. In Noida, on the other hand, petrol price was slashed by four paise, while diesel became 13 paise cheaper after today’s price revision. Petrol in the city is priced at Rs 68.50 while diesel is retailing at Rs 61.73.

The retail selling price of petrol and diesel is dependent on the international prices of benchmark fuel and the rupee-US dollar exchange rate. This is because a large proportion of the country’s requirement is met through imports.

Oil rose nearly 2% on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown.

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