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New Delhi: Petrol, diesel prices witnessed a downward trend on Sunday as well. While petrol prices went down by 40-41 paise, diesel prices were slashed by 45-46 paise in major cities across the country. After today's price cut, petrol in national capital Delhi was priced at Rs 74.84 as against Rs 75.25 on Saturday and diesel was retailing at Rs 69.70 compared to Rs 70.16 yesterday, according to data available on Indian Oil Corporation website.

In Mumbai, petrol was sold at Rs 80.38 per litre on Sunday compared to Rs 80.79 on Saturday. Diesel in Mumbai became cheaper by 46 paise to Rs 72.99 per litre.

In Chennai, petrol was retailing at Rs 77.69 per litre as against Rs 78.13 on Saturday. In Kolkata petrol was sold at Rs 76.82 as against Rs 77.22 per litre yesterday. Diesel in these cities was sold at Rs 73.63 and Rs 71.55 respectively. In Noida, petrol was priced at Rs 73.79 on Sunday compared to 74.05 on Saturday and diesel was sold at Rs 68.35 compared to Rs 68.68 yesterday.

It may be noted that the prices are slashed again as international crude oil prices continued to fall. Oil prices slumped to 2018 lows on Saturday in morning trading. Brent crude oil futures hit their lowest since December 2017 at $59.04 per barrel.

Also, in the month of November so far, petrol prices have come down by nearly Rs 5 per litre while diesel has become cheaper by almost Rs 4.30 across major cities of the country. The recent cut in fuel prices has given a big relief to consumers and will have a positive impact on the country's inflation reading, which the RBI uses for taking decisions on policy rates.

Petrol, diesel price in India are fixed, based on the last 15-day average price of crude and rupee-dollar exchange rate along with dealer commission, and taxes, which does not change on a daily basis.