In what seems to be another day of relief for citizens and commuters in the country, petrol and diesel prices were cut for the seventh consecutive day on Tuesday.
After the one paisa reduction in fuel prices on May 30, which caused much criticism from the Opposition, prices have since fallen continuously.
Lower global crude oil cost, along with a strengthened rupee, has pulled down the prices of fuels since May 30.
The price of unleaded petrol has increased by over 40 cents a litre in the last two years due to the Organisation of Petroleum Exporting Countries, or OPEC, orchestrating a supply shortage.
Brent crude fell $1.10 a barrel to $75.69 on Monday afternoon.
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Shaw and Partners analysts forecast the oil price to gain strength over the next 18 months, which is likely to flow onto the bowser. Venezuela's crude oil production fell almost 13 per cent past year due to intense internal conflict and Iran is staring at a fresh sanction from the US.
The department of energy has released its petrol prices for June, and motorists can expect an increase in petrol prices because of a number of factors.
Petrol now costs Rs 77.72 in Delhi, while in Mumbai it costs Rs 85.54 per liter.
With today's cut here in India, petrol price in the national capital has come down - in last seven days - by 60 paise from its record high of Rs 78.43 on May 29.
A report by the competition watchdog has found Darwin motorists are spending 10 cents more than they should per litre of petrol.