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Petrol price in Delhi was cut to Rs 76.71 a litre from Rs 76.91 on Saturday, according to a price notification issued by state-owned fuel retailers.
Due to fall in crude oil prices, petrol sells at Rs. 77.10 per litre and Rs 82.62 per litre in Delhi and Mumbai respectively.
Petrol and diesel are costlier for people of four Southern Odisha districts than their counterparts in coastal parts of the State.
Increase in global crude oil prices and demand for the American currency results in the 54 paise dip.
Soaring fuel costs in Delhi are hampering Value Added Tax (VAT) revenue for the capital, according to figures released by the government.
The US has provided refuelling to about 20 per cent of the Saudi-led coalition planes flying sorties over Yemen.
In Mumbai, a litre of petrol is being retailed at Rs 83.72 (decrease by Rs 0.20), while diesel is being sold at Rs 76.38 per litre (decrease by Rs 0.19).
The spat between the RBI and the Finance Ministry hit its lowest level last week after the ministry wrote to the RBI, threatening to invoke Section 7 of the RBI Act.
Petrol price Sunday was cut by 21 paise a litre and diesel by 17 paise, according to a price notification issued by state-owned fuel retailers.
The fuel prices had earlier witnessed a relentless hike in the country, burning a hole in the common commuter's pocket.
Petrol prices in the national capital were reduced by 40 paise to Rs 80.45, while diesel saw a reduction of 35 paise to fall to Rs 74.38.
A photo shows diesel being poured from a can into the fuel tank of a modified bus used by Madhya Pradesh Chief Minister Shivraj Singh Chouhan.
The recall affects about 1.3 million vehicles in the United States, 136,300 in Canada and 44,500 cars in Mexico.
Petrol pumps in Delhi-NCR are already selling Euro VI complaint petrol and diesel.
At present, to obtain a fuel retailing licence in India, a company needs to invest Rs 2,000 crore in either hydrocarbon exploration and production, refining, pipelines or LNG terminals.