New Delhi, January 21: Fuel prices remained low for the fifth consecutive day across all major cities on Tuesday, January 21. Bringing relief to consumers, the price of petrol was cut by 10-12 paise per litre and that of diesel by 19-20 paise per litre in all metro cities. According to the official website of Indian Oil Corporation (IOC), the retail pump price of petrol was Rs 80.58 per litre in Mumbai, Rs 74.98 per litre in Delhi, Rs 77.58 per litre in Kolkata and Rs 77.89 per litre in Chennai on Tuesday.

Meanwhile, diesel is priced at Rs 71.57 per litre in Mumbai, Rs 68.26 per litre in Delhi, Rs 70.62 per litre in Kolkata and Rs 72.13 per litre in Chennai after the price cut. On Monday, petrol was priced at Rs 74.98 a litre in Delhi, Rs 80.58 a litre in Mumbai, Rs 77.58 a litre in Kolkata and Rs 77.89 a litre in Chennai.  Consumer Confidence Plunges 7.3% in January 2020: PCSI Report.

Check Petrol & Diesel Price in Metro Cities on January 21, 2020:

Metro Cities Petrol Price/ Ltr Diesel Price/ Ltr
Mumbai Rs 80.58 Rs 71.57
Delhi Rs 74.98 Rs 68.26
Chennai Rs 77.89 Rs 72.13
Kolkata Rs 77.58 Rs 70.62

The developing US-Iran geopolitical tensions has a consequential impact on the oil prices. There are several factors that closely impact the price of fuel include rupee to US dollar exchange rate, cost of crude oil, global cues and international crude oil prices gain.  Fuel prices are reviewed by oil marketing companies on a daily basis. Since June 2017, the prices of petrol and diesel in India are revised daily at 6 am every day. Before this prices were revised every fortnight. 

(The above story first appeared on LatestLY on Jan 21, 2020 09:36 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website