Fuel prices remained stable after falling for six consecutive days on Wednesday, with petrol and diesel priced at Rs 77.43 per litre and Rs 72.19 per litre, respectively in the National Capital Region.
According to the Indian Oil Corp data, petrol prices in Kolkata, Mumbai and Chennai, were at Rs 79.36 per litre, Rs 82.94 per litre and Rs 80.42 per litre, respectively, while diesel stood at Rs 74.05 a litre in Kolkata, Rs 75.64 in Mumbai and Rs 76.30 a litre in Chennai.
Petrol prices have been cut by more than Rs 5.35 per litre and diesel by Rs 3.71 in the last 28 days in Mumbai on softer global crude rates.
As per the country's pricing mechanism, domestic fuel prices depend on international fuel prices on a 15-day average, besides the value of the rupee.
Prices vary from region to region due to local taxes as the product is excluded from the Goods and Services Tax (GST) regime. New Delhi already has the lowest tax rate among the four metro cities.
(With inputs from agencies)