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Jingle bells for Delhites as petrol prices hit new 2018 low on Christmas

However, cost of diesel remained stagnant in the four metro cities

IANS  |  New Delhi 

Feeling the fuel cost pinch? Here's why petrol should be cheaper by Rs 4

price in fell further on Tuesday to touch a new 2018 low of Rs 69.79 per litre.

On Monday, was sold at Rs 69.86 a litre in the capital, data on the Indian Oil Corp' website showed.

Similarly, in the southern metropolitan city of too, price declined to a fresh low level -- Rs 72.41 -- down from selling price of Rs 72.48 on Monday.

In and Mumbai, petrol prices which had already hit their respective lowest levels of 2018 earlier in the month declined further on Tuesday to Rs 71.89 and Rs 75.41 against the previous price of Rs 71.96 and Rs 75.48 per litre.

The decline in domestic comes amid the recent fall in global

As per the country's dynamic pricing mechanism, the domestic depend upon international on a 15-day average and the value of the rupee.

However, cost of diesel remained stagnant in the four metro cities. In Delhi, Kolkata, and Chennai, diesel was prices were maintained at Rs 63.83, Rs 65.59, Rs 66.79 and Rs 67.38 respectively.


First Published: Tue, December 25 2018. 19:18 IST