After hitting 75 a litre mark this week, the price of petrol was decreased for the fourth consecutive day today. State-run fuel retailers dropped the petrol price by 5 paise a litre while diesel rate remained untouched once again. In New Delhi, a litre of petrol costs 74.84 a litre and diesel is priced at 66.04 a litre.

In Mumbai, you have to pay 80.49 for a litre of petrol and 69.27 for diesel. In Bengaluru, the petrol is priced at 77.40 a litre and diesel is selling at 68.29. In Chennai, a litre of petrol is charged at 77.81 and diesel costs 69.81.

Petrol price on December 9 touched 75 a litre for the first time in more than a year as international oil firms hiked rates. Fuel prices have been on a hike since November 9. Diesel prices have been hovering in between 65-66 per litre range last month. While petrol prices have been increased by 2.30 per litre in the last one month, diesel prices have been moderate.

Petrol and diesel prices are revised on a daily basis. Oil firms take into account international fuel prices and rupee-dollar exchange rate.

In international market, oil settled above $60 a barrel for the first time since missile strikes on Saudi Arabia sparked a record price surge three months ago. Rupee jumped 33 paise in day trade before closing flat at 70.83 to the US dollar on Friday.

With agency inputs