Fuel prices continue downward trend; petrol, diesel slashed for 11th day

Brent Crude futures were trading below the $60 per barrel mark on Friday and closed at $59.46

The prices of petrol and diesel continue to decline for 11th day straight on Sunday as well. 

Across major cities of the country, petrol prices were cut by 30-40 paise, on the other hand, diesel saw a slash of up to 45 paise per per litre. 

After today's price cut, price of petrol in Delhi is Rs 72.23 a litre against Rs 72.53 yesterday. Diesel in Delhi retailed at Rs 67.02 against Rs 67.35 yesterday, according to data available on Indian Oil Corporation (IOC) website. 

In Mumbai, today petrol retailed at Rs 77.80 from Rs 78.09 yesterday. Diesel prices in