New Delhi: For the last full week, the prices of petrol and diesel have been continuously falling. After cutting the prices of crude oil in the international market, petrol and diesel prices have come down again on Monday. Today, the price of petrol has been cut by 13-16 paise. Similarly, the prices of diesel have decreased by 16-20 paise. Petrol prices have come down by 3 rupees as compared to January 1.

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According to the website of Indian Oil, petrol is being sold at Rs 72.10 in Delhi, Rs 74.74 in Kolkata, Rs 77.76 in Mumbai and Rs 74.90 in Chennai. The trend of decline in diesel prices is also going on. The price of diesel per liter in Delhi has gone up to Rs 65.07, in Kolkata to 67.39, in Mumbai to Rs 68.19 and in Kolkata to Rs 68.72 per liter.

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Experts say that the decrease in demand for crude oil in the international market is a big reason. Due to Coronavirus, China has reduced the purchasing of crude oil immensely. The lack of demand is having a direct impact on oil prices. This is the reason why the prices of petrol and diesel are decreasing. Due to the softening of crude oil prices in the international market, consumers in India have got a big relief from the inflation of petrol and diesel and in the coming days, the prices of both vehicle fuels may decrease further.

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