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
Petrol and diesel prices have been soaring since the past few months in the country
In Kolkata, petrol is being sold at Rs 84. 54 per litre, while diesel has reached Rs 77.23-mark
Petrol is now priced at Rs 87.94 in Mumbai, Rs 85.73 in Chennai and Rs 84.31 in Kolkata
In Delhi, petrol is being retailed at Rs 82.36 per litre, up from Rs 82.26 on Wednesday
The IMF downgraded its global economic growth forecasts for 2018 and 2019 on Tuesday, raising concerns that demand for oil products may slump as well
States will bear 42% of the loss on account of the Rs 1.5-a-litre cut in basic excise duty, apart from the additional cuts they have announced; Gujarat, Maharashtra, Haryana to be worst hit
In Delhi, diesel is priced at Rs 74.35 per litre, up from Rs 74.11 on Tuesday
In Kolkata, petrol is now being retailed at Rs 83.87 per litre
Goel last Sunday rode a bullock cart in a similar protest against the Kejriwal government in Chandni Chowk area
Economic affairs secretary S C Garg wrote on Twitter that such reports were fabricated
According to reports, the Finance Ministry will access oil companies' need for additional subsidy