INSUBCONTINENT EXCLUSIVE:
Prices of petrol and diesel vary from state-to-state depending on local sales tax or VAT.
Petrol prices were revised marginally lower for the fifth consecutive day, on Sunday
The prices fell around nine paise in the four metro cities
In Delhi, petrol was sold for Rs 78.11 per litre, down from Rs 78.20 on Saturday, according to Indian Oil Corp's website
In Mumbai and Kolkata, petrol prices were at Rs 85.92 and Rs 80.75 a litre respectively, down nine paise from Saturday's levels
Wheareas, in Chennai, petrol price fell by ten paise to Rs 81.09 per litre.However, the prices of diesel were unchanged on Sunday
SundayMetrosPricesDelhi78.11Kolkata80.75Mumbai85.92Chennai81.09Diesel prices on
SundayMetrosPricesDelhi69.11Kolkata71.66Mumbai73.58Chennai72.97Prices vary from state-to-state depending on local sales tax or VAT
Delhi has the cheapest price among all metros and most state capitals.Prices of the key transportation fuels have been cut marginally on a
daily basis, under the dynamic pricing system since May 30, as global crude oil prices began to ease
Currently, the Brent crude oil is priced around $77 per barrel
Prices had last month touched highest since 2014, around $80 a barrel, leading to the rise in domestic fuel prices.India meets more than 80
per cent of its oil requirement through imports
That makes crude oil the most expensive item on the country's import bill
Weakness in the rupee against the US dollar also puts pressure on domestic petrol and diesel prices
The rupee is down more than 6 per cent against the greenback so far this year.
