Diesel prices also declined across the four metros on Sunday. Price of the fuel in Delhi was lowered by 20 paise to Rs Rs 89.07 per litre from the previous level.
Fuel prices dropped further for the fifth consecutive day on Monday as international crude prices fell due to demand slump. The Price of petrol was cut by 13-16 paise a litre and that of diesel by 16-20 paise a litre across all major cities in India.
The fuel price has seen a decline for the past two days and in Delhi petrol rates have come down by 28 paisa/litre and diesel by 14 paisa/litre.
The rates are off their record high of Rs 84 per litre for petrol and Rs 75.45 a litre for diesel touched on October 4.
Chandigarh: The reduction in prices of petrol and diesel may have brought cheers to consumers, but the cut is likely to cause tax revenue loss of up to Rs 35 crore to the state exchequer
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