With the latest revision, petrol now costs Rs 85.93 per litre in Mumbai, Rs 82.31 in Kolkata and Rs 83.60 in Chennai
Financial markets have been hit hard by a range of worries, including the US-China trade war, a rout in EM currencies, rising borrowing costs and bond yields, and economic concerns in Italy
Overall, petrol and diesel prices have come down by Rs 1.98 per litre and 98 paise, respectively in New Delhi
Overall, petrol and diesel prices has come down by Rs 1.73 per litre and 89 paise, respectively in New Delhi
Barring Delhi, other major cities saw a hike after 6 days of cuts in fuel price.
The Oil Ministry has set up an expert committee to recommend easing of fuel retailing licensing rules
Diesel prices also saw a similar decline across Delhi, Mumbai, Chennai and Kolkata
At a protest outside Uber's office in Mumbai, dozens of drivers held up placards with messages including 'Uber go back' and 'Ola is the biggest thief'
On Monday, the per litre retail price of diesel in Bhubaneswar ranged between Rs 80.45 and Rs 80.69 while petrol was being sold at anywhere between Rs 80.32 and Rs 80.57 per litre
While petrol price has been cut by 30 paise, diesel rates are down by 28 paise across the metro cities - Delhi, Mumbai, Kolkata and Chennai.
A litre of diesel cost 12 paise more than that of petrol in Bhubaneswar on Sunday
Petrol is now priced at Rs 81.74 per litre in Delhi, down from Rs 81.99 on Saturday
With a cut of 11 paise, diesel now costs Rs 79.13 in Mumbai
This is the first cut in petrol and diesel rates after October 5, when the Centre and many state governments had announced a cut in taxes
US West Texas Intermediate crude was up 25 cents, or 0.4 per cent, at $72.17 a barrel by 0648 GMT on Wednesday, having settled up 14 cents
Petrol and diesel prices have been on the rise since the past few months
In a bid to ease the crunch caused by soaring fuel prices, Finance Minister Arun Jaitley had announced a reduction of Rs 2.50 per litre on both petrol and diesel prices earlier this month
Domestic sales growth fall to a single digit after two years
Petrol costs Rs 82.72 per litre in Delhi and has witnessed an increase of Rs 1.22 per litre since the October 4 decision
Brent crude had risen 98 cents, or 1.22 per cent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since October 9