Fuel prices paused on Wednesday after soaring for six consecutive days. Petrol and diesel prices were at Rs 82.16 a litre and Rs 73.87 a litre, respectively in the Delhi National Capital Region.
In Mumbai, Chennai and Kolkata, the petrol prices were at Rs 89.54 per litre, 85.41 per litre and Rs 84.01 per litre. Diesel prices in the three metros rose to Rs 78.42 a litre, Rs 78.10 per litre and Rs 75.72 per litre, respectively.
Domestic fuel prices have been surging since mid-August due to various factors including rupee depreciation, high excise duty and rise in crude oil rates.
Brent crude futures had dropped 22 cents, or 0.28 percent, to $78.81 per barrel by 0042 GMT, on Wednesday. The rupee, on the other hand, slumped to a record low of 72.97 per dollar on Tuesday.
The Karnataka government on Monday announced a cut in petrol and diesel prices by Rs 2, becoming the fourth state to do so after Rajasthan, Andhra Pradesh and West Bengal.
As per the country's pricing mechanism, the domestic fuel prices are dependent upon the international fuel prices on a 15-day average and the value of rupee.
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